The 'Banking Act 2009' received Royal Assent on 12 February 2009. It is an Act to make provision about banking and is divided into eight parts, which are: Part 1 - Special Resolution Regime; Part 2 - Bank Insolvency; Part 3 - Bank Administration; Part 4 - Financial Services Compensation Scheme; Part 5 - Inter-Bank Payment Systems; Part 6 - Banknotes: Scotland and Northern Ireland; Part 7 - Miscellaneous; and Part 8 - General. Explanatory Notes have been produced to assist in the understanding of this Act and will be available separately.
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