The Bank Insolvency (England and Wales) Rules 2009

Statutory Instruments

2009 No. 356

Banks And Banking England And Wales

Insolvency

The Bank Insolvency (England and Wales) Rules 2009

Made

23rd February 2009

Laid before Parliament

24th February 2009

Coming into force

25th February 2009

The Lord Chancellor makes the following Rules in exercise of his powers under section 411(1A)(a), (2), (2C) and (3) of the Insolvency Act 1986(1).

The Treasury concur in the making of the Rules.

The Chancellor of the High Court (by the authority of the Lord Chief Justice under section 411(7) of the Insolvency Act 1986) concurs in the making of the Rules in so far as they affect court procedure.

The Lord Chancellor has not consulted the Committee existing for the purposes of section 413 of the Insolvency Act 1986: this is the first set of rules made in reliance on section 125 of the Banking Act 2009(2), and the duty to consult does not therefore apply to these rules by virtue of section 125 (8) of that Act.

(1)

1986 c.45. Section 411 was amended by the Constitutional Reform Act 2005 (2005 c.4), section 15 and Schedule 4, paragraphs 185 and 188, by S.I. 2002/1037and by the Banking Act 2009 (c.1), section 125.

(2)

2009 c. 1.