Banking Bill

House of Commons

Session 2007 - 08
Internet Publications
Other Bills before Parliament

Banking Bill

Banking Bill
Part 8 — General
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236
Index of defined terms
The Table sets out expressions defined in this Act for general purposes.

Expression
Section

Action
80 and 152

Bank (Part 1)
2

5

Bank (Part 2)
78

Bank administration
123

Bank administration order
128

Bank insolvency
77

Bank insolvency order
81

10

Bridge bank
11

Bridge bank share transfer instrument
28

Compensation scheme order
44

The court (Part 2)
79

The court (Part 3)
152

15

Eligible depositors
80

FSA
3, 80 & 152

FSCS
80

Fair
80

Financial assistance (Part 1)
3

20

Full payment resolution
87

Independent valuer
49

Inter-bank payment system
168

Liquidation committee
87

Objective 1 Achievement Notice
126

25

Onward bridge bank
11

Onward property transfer instrument
40

Onward share transfer order
27

Partial property transfer
42

Property transfer instrument
30

30

Property transfer order
41

Resolution fund order
44

Securities
13

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Part 8 — General
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Expression
Section

Share transfer instrument
14

Share transfer order
15

Special resolution regime
1

Special resolution objectives
4

5

Stabilisation options
1

Stabilisation powers
1

Supplemental property transfer instrument
39

Supplemental share transfer instrument or order
25 & 26

Third party compensation order
44 & 54

10

Unable to pay debts
80 & 152

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Repeal
(1)
The Treasury may by order repeal the Banking (Special Provisions) Act 2008.
(2)
An order—
(a)
may include savings, and
15
(b)
shall be made by statutory instrument.
(3)
Subsection (2)(a) is without prejudice to the generality of, or the application to
this section of, section 234.
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Commencement
(1)
This Act shall come into force in accordance with provision made by the
20
Treasury by order.
(2)
Subsection (1) does not apply to section 231, which comes into force at the end
of the period of 2 months beginning with the date of Royal Assent.
(3)
An order under subsection (1)—
(a)
may make provision generally or only in relation to specific provisions
25
or purposes,
(b)
may make different provision for different provisions or purposes,
(c)
may include incidental or transitional provision (including savings),
and
(d)
shall be made by statutory instrument.
30
(4)
Where the Treasury or another authority are required to consult or take other
action before exercising a power or fulfilling a duty to make legislation or to do
any other thing under, by virtue of or in connection with this Act, the Treasury
or other authority may rely on consultation or other action carried out before
the commencement of the relevant provision of this Act.
35
239
Extent
(1)
This Act extends to—

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Part 8 — General
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(a)
England and Wales,
(b)
Scotland, and
(c)
Northern Ireland.
(2)
But—
(a)
section 231 extends to Scotland only, and
5
(b)
an amendment of an enactment has the same extent as the enactment
(or the relevant part).
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Short title
This Act may be cited as the Banking Act 2008.