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House of Commons

Session 2008-09 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: Banking Liaison Panel Clause 11: Private sector purchaser Clause 12: Bridge bank Clause 13: Temporary public ownership Clause 14: Interpretation: “securities” Clause 15: Share transfer instrument Clause 16: Share transfer order Clause 17: Effect Clause 18: Continuity Clause 19: Conversion and delisting Clause 21: Ancillary instruments: production, registration, &c. Clause 22: Termination rights, &c. Clause 23: Incidental provision Clause 24: Procedure: instruments Clause 25: Procedure: orders Clause 26: Supplemental instruments Clause 27: Supplemental orders Clause 28: Onward transfer Clause 29: Reverse share transfer Clause 30: Bridge bank: share transfers Clause 31: Bridge bank: reverse share transfers Clause 32: Interpretation: general Clause 33: Property transfer instrument Clause 34: Effect Clause 35: Transferable property Clause 36: Continuity Clause 37: Licences Clause 38: Termination rights, &c. Clause 39: Foreign property Clause 40: Incidental provision Clause 41: Procedure Clause 42: Supplemental instruments Clause 43: Onward transfer Clause 44: Reverse property transfer Clause 45: Temporary public ownership: property transfer Clause 46: Temporary public ownership: reverse property transfer Clause 47: Restriction of partial transfers Clause 48: Power to protect certain interests Clause 49: Orders Clause 50: Sale to private sector purchaser Clause 51: Transfer to bridge bank Clause 52: Transfer to temporary public ownership Clause 54: Independent valuer Clause 55: Independent valuer: supplemental Clause 56: Independent valuer: money Clause 57: Valuation principles Clause 58: Resolution fund Clause 63: General continuity obligation: property transfers Clause 64: Special continuity obligations: property transfers Clause 65: Continuity obligations: onward property transfers Clause 66: General continuity obligation: share transfers Clause 67: Special continuity obligations: share transfers Clause 68: Continuity obligations: onward share transfers Clause 69: Continuity obligations: consideration and terms Clause 70: Continuity obligations: termination Clause 71: Pensions Clause 72: Enforcement Clause 73: Disputes Clause 74: Tax Clause 75: Power to change law Clause 76: International obligation notice: general Clause 77: International obligation notice: bridge bank Clause 78: Public funds: general Clause 79: Public funds: bridge bank Clause 80: Bridge bank: report Clause 81: Application of Part I: general Clause 82: Temporary public ownership Clause 83: Distribution of assets on dissolution or winding up Clause 84: Interpretation Clause 85: Consequential provision Clause 86: Credit Unions PART 2: BANK INSOLVENCY Clause 88: Interpretation: “bank” Clause 89: Interpretation: “the court” Clause 90: Interpretation: other expressions Clause 91: The order Clause 93: Grounds for applying Clause 94: Grounds for making Clause 95: Commencement Clause 96: Objectives Clause 100: General powers, duties and effect Clause 101: Additional general powers Clause 102: Status of bank liquidator Clause 114: Bank insolvency as alternative order Clause 115: Voluntary winding up Clause 116: Exclusion of other procedures Clause 117: Notice to FSA of preliminary steps Clause 118: Disqualification of directors PART 3: BANK ADMINISTRATION PROCEDURE Clause 136: Objective 1: duration Clause 148: Property transfer from a bridge bank Clause 166: Overview Clause 167: Contingency Funding Clause 168: Special resolution regime Clause 169: Investing in National Loans Fund Clause 170: Borrowing from the National Loans Fund Clause 171: Procedure for claims Clause 172: Rights in insolvency Clause 173: Information Clause 174: Payments in error Clause 175: Regulations Clause 176 Delegation of functions Clause 177: Functions under this Act Clause 178: Overview Clause 179: Interpretation: “inter-bank payment system” Clause 180: Interpretation: other expressions Clause 181: Recognition order Clause 182     Recognition criteria Clause 183 Procedure Clause 184: De-recognition Clause 185: Principles Clause 186: Codes of practice Clause 187: System rules Clause 188: Directions Clause 189: Role of FSA Clause 190: Inspection Clause 191: Inspection: warrant Clause 192: Independent Report Clause 193: Compliance failure Clause 194: Publication Clause 195: Penalty Clause 196: Closure Clause 197: Management disqualification Clause 198: Warning Clause 199: Appeal Clause 200: Fees Clause 201: Information Clause 202: Pretending to be recognised Clause 203: Saving for informal oversight Clause 204: Overview Clause 205: “Banknote” Clause 206: “Issue” Clause 207: “Authorised bank” Clause 208 “Commencement” Clause 209: Repeal of old authorising enactments Clause 210: Saving for existing issuers Clause 211: Consequential repeals and amendments Clause 212: Banknote regulations Clause 213: Banknote rules Clause 214: Backing assets Clause 215: Information Clause 216: Ceasing the business of issuing notes Clause 217: Insolvency, &c Clause 218: Offence: unlawful issue Clause 219: Financial penalty Clause 220: Termination of right to issue Clause 221: Application to court Clause 222: Organisation Clause 223: Discretionary functions Clause 224: Exemption PART 7: MISCELLANEOUS Clause 228: UK Financial Stability Clause 235: Weekly return Clause 236: Information Clause 237: Bank of England Act 1946 Clause 238: Variation of permission Clause 239: Functions Clause 240: Information Clause 241: Financial assistance to building societies Clause 242: Registration of charges Clause 243: Registration of charges: Scotland Financial collateral arrangements Clause 246: Supplemental PART 8: GENERAL Clause 248: “Enactment” 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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