- Made under
- Banking Act 2009 (as amended)
- 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.009
Mandatory provisions: interim payments
Regulated
Other duties (1) — Crown / regulator
- Independent valuer must determine interim and balancing compensation paymentsStatutory regulator
s.010
Mandatory provisions: valuations provided by relevant persons
Regulated
Other duties (1) — Crown / regulator
- Regulator must ensure independent valuer considers relevant person's informationStatutory regulator
s.011
Optional provisions: valuation principles
Regulated
Other duties (1) — Crown / regulator
- Independent valuer must follow valuation assumptions set in compensation orderStatutory regulator
11 other provisions — procedural and definitional
s.001
Citation and commencement
s.002
Interpretation
s.003
Application
s.004
Resolution fund order to include third party compensation order
s.005
Mandatory provisions: appointment of independent valuer
s.006
Mandatory provisions: assessment of insolvency treatment
s.007
Mandatory provisions: choice of insolvency process
s.008
Mandatory provisions: valuation principles
s.008
Valuation methodology: technical standards
s.012
Application to building societies
s.013
Review
Connected legislation
The wider family of instruments made under the same parent Act.
The Banking Act 2009 (Exclusion of Investment Firms of a Specified Description) Order 2014
SI 2014/1832
Duty extraction and severity labels are Guvnor’s analysis of the instrument, not the instrument itself. Always verify against the linked source text.