Statutory Instruments
Financial Services And Markets
Made
23rd May 2016
In exercise of the powers conferred by section 263(1) and (3) of the Banking Act 2009(1), the Treasury make the following Order:
1. This Order may be cited as the Banking Act 2009 (Commencement No. 5) Order 2016.
2. Sections 255 and 256 of the Banking Act 2009 come into force on 25th May 2016.
David Evennett
Mel Stride
Two of the Lords Commissioners of Her Majesty’s Treasury
23rd May 2016
(This note is not part of the Order)
This Order brings into force sections 255 and 256 of the Banking Act 2009 (c.1) (“the Act”) on 25th May 2016. Section 255 enables the Treasury to make regulations about financial collateral arrangements, and the regulations may in particular include provision implementing the Financial Collateral Arrangements Directive (2002/47/EC) (OJ No L 168, 27.6.2002, p.43). Section 256 contains further provision about regulations under section 255.
(This note is not part of the Order)
The following provisions of the Act have been brought into force by commencement orders made before the date of this Order:
| Provision | Date of Commencement | S.I. No. |
|---|---|---|
| sections 1 to 169, 171, 173 to 180, 228 to 237, 244 to 253, 257 to 262 | 21.02.2009 | 2009/296 |
| sections 238 to 243 | 01.06.2009 | 2009/1296 |
| sections 181 to 187, 204(1)(a), (2), (3), (4)(a), (4)(b), (5), (6), (8) to (11), 205 | 04.08.2009 | 2009/2038 |
| sections 188 to 203, 204(1)(b), (4)(c), (4)(d), (4)(e) and (7) and 206 to 227 | 12.11.2009, 23.11.2009 and 31.12.2009 | 2009/3000 |