The Office of Public Sector Information (OPSI) has published The Banking Act 2009 (Exclusion of Insurers) Order 2010. This Order excludes insurers from the definition of "bank" in Parts 1 and 2 of the Banking Act 2009 (the Act). Part 1 of the Act confers powers on the Bank of England and the Treasury to intervene where a bank is failing, or is about to fail, to meet its threshold conditions for authorisation to perform regulated activities. Part 2 of the Act creates a bank insolvency procedure.

View The Banking Act 2009 (Exclusion of Insurers) Order 2010, 12 January 2010

View Explanatory Note - The Banking Act 2009 (Exclusion of Insurers) Order 2010, 12 January 2010