Section 122

The Secretary of State and the Treasury may by order made jointly— provide for an enactment about insolvency to apply to bank insolvency (with or without specified modifications); amend, or modify the application of, an enactment about insolvency in consequence of this Part. An order under subsection (1)— shall be made by statutory instrument, and may not be made unless a draft has been laid before and approved by resolution of each House of Parliament.

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Source: legislation.gov.uk · retrieved 2026-09-04