UK Statutory Instrument SI 2009/319 United Kingdom

The Banking Act 2009 (Third Party Compensation Arrangements for Partial Property Transfers) Regulations 2009

Enforced by
PRA
Status
In Force
Penalty ceiling
Regulated

Does it bind you?

Business-side roles with duties under this instrument.

Plus 3 duties on the regulator, Crown ministers and public bodies — folded into the section list below.

What it requires

Regulations creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.

s.008 Mandatory provisions – interim payments Regulated
Other duties (1) — Crown / regulator
  • Independent valuer must arrange interim compensation payments for partial property transfersStatutory regulator
s.009 Mandatory provisions – valuations provided by creditors Regulated
Other duties (1) — Crown / regulator
  • Bank of England must include creditor-information consideration in compensation ordersCrown / Minister / Government department
s.010 Optional provisions – valuation principles Regulated
Other duties (1) — Crown / regulator
  • Independent valuer must apply specified valuation assumptions in insolvency assessmentStatutory regulator
8 other provisions — procedural and definitional
s.001 Citation, commencement and interpretation
s.002 Application of these Regulations
s.003 Requirement to include a third party compensation order
s.004 Mandatory provisions - appointment of independent valuer
s.005 Mandatory provisions – assessment of insolvency treatment
s.006 Mandatory provisions – choice of insolvency process
s.007 Mandatory provisions – valuation principles
s.007 Valuation methodology: technical standards

Duty extraction and severity labels are Guvnor’s analysis of the instrument, not the instrument itself. Always verify against the linked source text.