UK: the Banking Act 2009 (Commencement No 2) Order 2009

The Banking Act 2009 (Commencement No 2) Order 2009 was made on 20 May and has been published on the OPSI website. The Order brings into force Sections 238 to 243 of the Banking Act 2009 on 1 June 2009. These sections concern the governance of the Bank of England and its statutory objectives. They provide for the formation of a new Financial Stability Committee and amend the Bank of England Act 1998 to give the Bank of England a new statutory objective: to contribute to protecting and enhancing the stability of financial systems in the UK.