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House of Commons

Session 2007-08 Publications on the internet Other Bills before Parliament Bill Home Page

Index to Banking Bill

INTRODUCTION BACKGROUND TO BILL SUMMARY AND OVERVIEW OF THE STRUCTURE TERRITORIAL EXTENT ANNEXES Clause 1: Overview Clause 2: Interpretation: “bank” Clause 3: Interpretation: other expressions Clause 4: Special resolution objectives Clause 5: Code of practice Clause 6: Code of practice: procedure Clause 7: General conditions Clause 9: Specific conditions: temporary public ownership Clause 10: Private sector purchaser Clause 11: Bridge bank Clause 12: Temporary public ownership Clause 13: Interpretation: “securities” Clause 14: Share transfer instrument Clause 15: Share transfer order Clause 16: Effect Clause 17: Continuity Clause 18: Conversion and delisting Clause 20: Ancillary instruments: production, registration, &c. Clause 21: Termination rights, &c. Clause 22: Incidental provision Clause 23: Procedure: instruments Clause 24: Procedure: orders Clause 25: Supplemental instruments Clause 26: Supplemental orders Clause 27: Onward transfer Clause 28: Bridge bank: share transfers Clause 29: Interpretation: general Clause 30: Property transfer instrument Clause 31: Effect Clause 32: Transferable property Clause 33: Continuity Clause 34: Licences Clause 35: Termination rights, &c. Clause 36: Foreign property Clause 37: Incidental provision Clause 38: Procedure Clause 39: Supplemental instruments Clause 40: Onward transfer Clause 41: Temporary public ownership: property transfer Clause 42: Restriction of partial transfers Clause 43: Power to protect certain interests Clause 44: Orders Clause 45: Sale to private sector purchaser Clause 46: Transfer to bridge bank Clause 47: Transfer to temporary public ownership Clause 49: Independent valuer Clause 50: Independent valuer: supplemental Clause 51: Independent valuer: money Clause 52: Valuation principles Clause 53: Resolution fund Clause 56: Procedure Clause 57: General continuity obligation: property transfers Clause 58: Special continuity obligations: property transfers Clause 59: General continuity obligation: share transfers Clause 60: Special continuity obligations: share transfers Clause 61: Pensions Clause 62: Enforcement Clause 63: Disputes Clause 64: Tax Clause 65: Power to change law Clause 66: International obligation notice: general Clause 67: International obligation notice: bridge bank Clause 68: Public funds: general Clause 69: Public funds: bridge bank Clause 70: Bridge bank: report Clause 71: Application of Part I: general Clause 72: Temporary public ownership Clause 73: Distribution of assets on dissolution or winding up Clause 74: Interpretation Clause 75: Consequential provision PART 2: BANK INSOLVENCY Clauses 78: Interpretation: “bank” Clause 79: Interpretation: “the court” Clause 80: Interpretation: other expressions Clause 81: The order Clause 83: Grounds for applying Clause 84: Grounds for making Clause 85: Commencement Clause 86: Objectives Clause 90: General powers, duties and effect Clause 91: Additional general powers Clause 92: Status of bank liquidator Clause 104: Bank insolvency as alternative order Clause 105: Voluntary winding up Clause 106: Exclusion of other procedures Clause 107: Notice to FSA of preliminary steps Clause 108: Disqualification of directors PART 3: BANK ADMINISTRATION PROCEDURE Clause 126: Objective 1: duration Clause 138: Property transfer from a bridge bank Clause 155: Overview Clause 156: Contingency Funding Clause 157: Special Resolution Regime Clause 158: Investing in National Loans Fund Clause 159: Borrowing from the National Loans Fund Clause 160: Procedure for claims Clause 161: Rights in insolvency Clause 162: Information Clause 163: Payments in error Clause 164: Regulations Clause 165     Delegation of functions Clause 166: Functions under this Act Clause 167: Overview Clause 168: Interpretation: “inter-bank payment system” Clause 169: Interpretation: other expressions Clause 170: Recognition order Clause 171     Recognition criteria Clause 172 Procedure Clause 173: De-recognition Clause 174: Principles Clause 175: Codes of practice Clause 176: System rules Clause 177: Directions Clause 178: Role of FSA Clause 179: Inspection Clause 180: Inspection: warrant Clause 181: Independent Report Clause 182: Compliance failure Clause 183: Publication Clause 184: Penalty Clause 185: Closure Clause 186: Management disqualification Clause 187: Warning Clause 188: Appeal Clause 189: Fees Clause 190: Information Clause 191: Pretending to be recognised Clause 192: Saving for informal oversight Clause 193: Overview Clause 194: “Banknote” Clause 195: “Issue” Clause 196: “Authorised bank” Clause 197 “Commencement” Clause 198: Repeal of old authorising enactments Clause 199: Saving for existing issuers Clause 200: Consequential repeals and amendments Clause 201: Banknote regulations Clause 202: Banknote rules Clause 203: Backing assets Clause 204: Information Clause 205: Ceasing the business of issuing notes Clause 206: Insolvency, &c Clause 207: Offence: unlawful issue Clause 208: Financial penalty Clause 209: Termination of right to issue Clause 210: Application to court Clause 211: Organisation Clause 212: Discretionary functions Clause 213: Exemption PART 7: MISCELLANEOUS Clause 216: UK Financial Stability Clause 223: Weekly return Clause 224: Information Clause 225: Bank of England Act 1946 Clause 226: Variation of permission Clause 227: Functions Clause 228: Information Clause 229: Financial assistance to building societies Clause 230: Registration of charges Financial collateral arrangements Clause 233: Supplemental PART 8: GENERAL FINANCIAL EFFECTS OF THE BILL EFFECTS OF THE BILL ON PUBLIC SERVICE MANPOWER SUMMARY OF THE IMPACT ASSESSMENT EUROPEAN CONVENTION ON HUMAN RIGHTS ANNEX A: LIST OF ABBREVIATIONS

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