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Section 259(4)

BA 2009
Banking Act 2009 · United Kingdom

A power listed in subsection (5) may be exercised without a draft being laid before and approved by resolution of each House of Parliament if— the power is being exercised for the first time, and the person exercising it is satisfied that it is necessary to exercise it without laying a draft for approval.

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