Mandatory provisions – interim payments
Other duties (1) — Crown / regulator
- Independent valuer must arrange interim compensation payments for partial property transfers Statutory regulator
UK Statutory Instrument
2009
United Kingdom
The Banking Act 2009 (Third Party Compensation Arrangements for Partial Property Transfers) Regulations 2009
At a glance
Enforced by
What's here
3 compliance obligations
Who this Act binds
Plus 3 non-business duties on Crown ministers, regulators, local authorities or tribunals — shown collapsed under each section below.
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.
Mandatory provisions – valuations provided by creditors
Other duties (1) — Crown / regulator
- Bank of England must include creditor-information consideration in compensation orders Crown / Minister / Government department
Optional provisions – valuation principles
Other duties (1) — Crown / regulator
- Independent valuer must apply specified valuation assumptions in insolvency assessment Statutory regulator
Browse 8 other sections — procedural / definitional / commencement
Citation, commencement and interpretation
Application of these Regulations
Requirement to include a third party compensation order
Mandatory provisions - appointment of independent valuer
Mandatory provisions – assessment of insolvency treatment
Mandatory provisions – choice of insolvency process
Mandatory provisions – valuation principles
Valuation methodology: technical standards
Enforcement and responsible bodies
The regulators that administer or enforce this legislation.
Prudential Regulation Authority
Part of the Bank of England. Prudentially regulates and supervises around 1,292 banks, building societies, credit unions, insurers, and major investment firms. …
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