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Changes over time for: Section 235
Timeline of Changes
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Status:
Point in time view as at 31/12/2020.
Changes to legislation:
Banking Act 2009, Section 235 is up to date with all changes known to be in force on or before 14 November 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
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235Regulations: procedureU.K.
This section has no associated Explanatory Notes
(1)Investment bank insolvency regulations shall be made by statutory instrument.
(2)Investment bank insolvency regulations may not be made unless a draft has been laid before and approved by resolution of each House of Parliament.
(3)The Treasury must consult before laying draft investment bank insolvency regulations before Parliament.
(4)If the power to make investment bank insolvency regulations has not been exercised before the end of the period of 2 years beginning with the date on which this Act is passed, it lapses.
(5)An order under section 232(6)—
(a)shall be made by statutory instrument, and
(b)may not be made unless a draft has been laid before and approved by resolution of each House of Parliament.
[(6)An order under section 232(7)—
(a)is to be made by statutory instrument, and
(b)is subject to annulment in pursuance of a resolution of either House of Parliament.]
Textual Amendments
Modifications etc. (not altering text)
Commencement Information
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