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Banks and Banking

Delegated Legislation – in the House of Commons at 9:42 pm on 17 March 2009.

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That the Banking Act 2009 (Restriction of Partial Property Transfers) Order 2009 (S.I., 2009, No. 322), dated 19 February 2009, a copy of which was laid before this House on 20 February, be approved.

That the Banking Act 2009 (Third Party Compensation Arrangements for Partial Property Transfers) Regulations 2009 (S.I., 2009, No. 319), dated 19 February 2009, a copy of which was laid before this House on 20 February, be approved.

That the Banking Act 2009 (Bank Administration) (Modification for Application to Banks in Temporary Public Ownership) Regulations 2009 (S.I., 2009, No. 312), dated 19 February 2009, a copy of which was laid before this House on 20 February, be approved.

That the Banking Act 2009 (Bank Administration) (Modification for Application to Multiple Transfers) Regulations 2009 (S.I., 2009, No. 313), dated 19 February 2009, a copy of which was laid before this House on 20 February, be approved.

That the Banking Act 2009 (Parts 2 and 3 Consequential Amendments) Order 2009 (S.I., 2009, No. 317), dated 19 February 2009, a copy of which was laid before this House on 20 February, be approved.

Delegated Legislation

Delegated legislation is law made by ministers under powers deriving from Acts of Parliament.

Thousands of pieces of delegated legislation, commonly known as statutory instruments, are passed by Parliament each year.

They enable the government to make minor, technical changes to the law without having to introduce a whole new Act of Parliament.