UK Statutory Instrument
2009
United Kingdom
The Scottish and Northern Ireland Banknote Regulations 2009
At a glance
What's here
7 compliance obligations
Who this Act binds
Business-side actors with duties under this Act, ranked by how often they appear.
- Any Person 4
- Employer 1
Plus 2 non-business duties on Crown ministers, regulators, local authorities or tribunals — shown collapsed under each section below.
Other Acts binding the same actors
For each actor bound by this Act, the other UK Acts that bind them most often. Useful for understanding the full compliance landscape facing each role.
Any Person also bound by 2337 other Acts (top 5 shown)
- Human Medicines Regulations 2012 2012 169 duties
- Merchant Shipping Act 1995 1995 144 duties
- Insolvency (England and Wales) Rules 2016 2016 101 duties
- Road Traffic Act 1988 1988 95 duties
- Air Navigation Order 2016 2016 95 duties
Employers also bound by 694 other Acts (top 5 shown)
- The Income Tax (Pay As You Earn) Regulations 2003 2003 236 duties
- Provision and Use of Work Equipment Regulations 1998 1998 120 duties
- TULRCA 1992 1992 72 duties
- Employment Rights (Northern Ireland) Order 1996 (current NI employment law) 1996 52 duties
- Income Tax (Earnings and Pensions) Act 2003 2003 50 duties
What this Act requires
Sections that create concrete duties on businesses or carry penalties. Procedural and definitional sections are folded into the “Browse other sections” expander at the bottom of each group. Click any section title to read the source text on legislation.gov.uk.
Schedules
Browse 22 other Schedules — structural / supplementary
Modifications to the Bank Insolvency (Scotland) Rules 2009
Modifications to the Insolvency Act 1986 and the Insolvency (Northern Ireland) Order 1989
Modifications to the Companies Act 2006
Modifications to the Banking Act 2009
Modifications to the Insolvency (Scotland) Rules 1986
Modifications to the Insolvency Rules (Northern Ireland) 1991
Modifications to the Bank Administration Rules (Northern Ireland) 2009
Modifications to the Bank Insolvency (No. 2) Rules (Northern Ireland) 2009
Modifications to the Bank Administration (Scotland) Rules 2009
Notice of proposal
Variation of proposal
Decision notice
Maximum penalty
Statement of policy on penalties
Service of notices
A compromise or arrangement between a bank and its creditors...
Company examinership
Receivership
Liquidation
The appointment of a provisional liquidator
Section 7 of the Central Bank Act 1971
Bank of England approval
- Comply with conditions the Bank of England attaches to approvals Any Person
Backing assets
- Hold sufficient backing assets for your banknotes in circulation Any Person
Unissued banknotes
- Use only Bank of England-approved custodians for unissued banknotes Employer
Cessation of note issue
- Follow cessation procedure when stopping note issue or losing right to issue Any Person
Temporary continuation of note issuing after cessation
Other duties (1) — Crown / regulator
- Bank of England may permit temporary note-issuing after authorisation ends Statutory regulator
Notification of insolvency
- Notify Bank of England immediately if you become insolvent Any Person
Temporary continuation of note issuing after insolvency
Other duties (1) — Crown / regulator
- Bank of England may allow temporary note-issuing after insolvency Statutory regulator
Browse 26 other sections — procedural / definitional / commencement
Citation and commencement
Interpretation
Rules
Consultation before commencement of Regulations
Value of backing assets to be held by an authorised bank
Interest on a designated account
Ownership of, and interests in, backing assets
Provision of information to the Bank of England
Reports as to banknotes and backing assets
Independent reports
Publication or disclosure by Bank of England of enforcement action
Permitted publication or disclosure of information
Annual report by Bank of England
Interpretation
Note exchange programme
Rights of noteholders
Backing assets
Note exchange programme: commencement and duration
Unissued banknotes
Rules relating to a note exchange programme and destruction of banknotes
Notes issued after loss of note issuing rights
Modification of law of insolvency
Processes serving a similar purpose to insolvency
Laws serving a similar purpose to Part 4 of the Financial Services and Markets Act 2000
Court orders
Penalties
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