Banking Act 2009

Banking Act 2009^[1]

Act of Parliament
Parliament of the United Kingdom
Long title	An Act to make provision about banking.
Citation	2009 c. 1
Introduced by	Alistair Darling (Chancellor of the Exchequer) and Lord Davies of Oldham
Territorial extent	England and Wales Scotland Northern Ireland (Sections 253 and 254 extend to Scotland only)
Dates
Royal assent	12 February 2009
Commencement	Certain provisions on 21 February 2009
Status: Amended
History of passage through Parliament
Text of statute as originally enacted
Revised text of statute as amended

The Banking Act 2009 (c. 1) is an act of the Parliament of the United Kingdom that entered into force in part on the 21 February 2009 in order, amongst other things, to replace the Banking (Special Provisions) Act 2008. The Act makes provision for the nationalisation of banks, amends the law on bank insolvency and administration, and makes provision about the Financial Services Compensation Scheme. It also makes provision about the regulation of inter-bank payment schemes (e.g. BACS), amends the law on the issue of banknotes by Scottish and Northern Irish banks, and makes other miscellaneous amendments to the law on banking.