Guidance

Banking Act 2009: special resolution regime code of practice (revised December 2020)

This code of practice sets out the tools and powers available under the Banking Act 2009.

• From: HM Treasury
• Published: 27 March 2017
• Last updated: 15 October 2024 — See all updates

Documents

Banking Act 2009: special resolution regime code of practice (revised December 2020)

Ref: ISBN 978-1-911375-97-5, PU2069

Unnumbered act paper

PDF, 775 KB, 105 pages

Order a copy

Bank Resolution (Recapitalisation) Bill: draft updates to the Code of Practice

PDF, 171 KB, 16 pages

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Details

This code of practice supports the legal framework of the special resolution regime and provides guidance as to how and in what circumstances the authorities will use the special resolution tools.

This code of practice was first published in November 2010 and was updated in March 2015, March 2017 and December 2020.

Bank Resolution (Recapitalisation) Bill: draft updates to the Code of Practice

The government has published a new chapter of the code of practice in draft, following the introduction of the Bank Resolution (Recapitalisation) Bill in Parliament. The chapter sets out in draft details of the recapitalisation payment mechanism introduced by the Bill. 

This draft chapter may change, including as a result of any amendments made to the Bill during the parliamentary process and engagement with the Banking Liaison Panel. The government intends to issue a finalised version of the Code in full when the Bill comes into force.

Published 27 March 2017
Last updated 15 October 2024 + show all updates

1. 15 October 2024

   A new chapter of the code of practice has been published in draft, following the introduction of the Bank Resolution (Recapitalisation) Bill in Parliament.

2. 17 December 2020

   Note: SRR CoP December 2020 attachment added.

3. 27 March 2017

   First published.