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Banking Act 2009
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Changes over time for: Section 10
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Changes to legislation:
Banking Act 2009, Section 10 is up to date with all changes known to be in force on or before 28 December 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
Changes to Legislation
Revised legislation carried on this site may not be fully up to date. Changes and effects are recorded by our editorial team in lists which can be found in the ‘Changes to Legislation’ area. Where those effects have yet to be applied to the text of the legislation by the editorial team they are also listed alongside the legislation in the affected provisions. Use the ‘more’ link to open the changes and effects relevant to the provision you are viewing.
Changes and effects yet to be applied to Section 10:
- s. 4(8A) (8B) inserted by 2012 c. 21 s. 96(3)
- s. 8(2)(d) and word inserted by 2012 c. 21 s. 96(4)(b)
Changes and effects yet to be applied to the whole Act associated Parts and Chapters:
Whole provisions yet to be inserted into this Act (including any effects on those provisions):
- s. 4(8A) (8B) inserted by 2012 c. 21 s. 96(3)
- s. 8(2)(d) and word inserted by 2012 c. 21 s. 96(4)(b)
10Banking Liaison PanelU.K.
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adran has no associated
Nodiadau Esboniadol
(1)The Treasury shall make arrangements for a panel to advise the Treasury about the effect of the special resolution regime on—
(a)banks,
(b)persons with whom banks do business, and
(c)the financial markets.
(2)In particular, the panel may advise the Treasury about—
(a)the exercise of powers to make statutory instruments under or by virtue of this Part, Part 2 or Part 3 (excluding the stabilisation powers, compensation scheme orders, resolution fund orders, third party compensation orders and orders under section 75(2)(b) and (c)),
(b)the code of practice under section 5, and
(c)anything else referred to the panel by the Treasury.
(3)The Treasury shall ensure that the panel includes—
(a)a member appointed by the Treasury,
(b)a member appointed by the Bank of England,
[F1(c)a member appointed by the PRA,
(ca)a member appointed by the FCA,]
(d)a member appointed by the scheme manager of the Financial Services Compensation Scheme,
(e)one or more persons who in the Treasury's opinion represent the interests of banks,
(f)one or more persons who in the Treasury's opinion have expertise in law relating to the financial systems of the United Kingdom, and
(g)one or more persons who in the Treasury's opinion have expertise in insolvency law and practice.
Textual Amendments
F1S. 10(3)(c)(ca) substituted for s. 10(3)(c) (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 17 para. 11 (with Sch. 20); S.I. 2013/423, art. 3, Sch.
Commencement Information
I1S. 10 in force at 17.2.2009 for specified purposes by S.I. 2009/296, arts. 2, 3, Sch. para. 1
I2S. 10 in force at 21.2.2009 in so far as not already in force by S.I. 2009/296, arts. 2, 3, Sch. para. 1
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