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Budget
24 March 2010
This report has been produced as a result of the section 231 requirement under the Banking Act 2009. It provides that the Treasury must report on the arrangements it (or the Secretary of State with the consent of the Treasury) has entered into which involve or may require reliance on section 228(1) of the Act (a) for any purpose in connection with Parts 1 to 3 of the Act (Special Resolution regime, Bank insolvency, bank administration); (b) for any arrangements which involve or may involve the provision of financial assistance in respect of banks or other financial institutions; or (c) in respect of financial assistance to or the Bank of England under the Act.
The first report required under section 231 of the Act covers the period from 1 April to 30 September 2009.
A report will be produced for each successive six-month period, but no report is required for a period in respect of which there is nothing to record.
The Act requires that this report must not specify individual arrangements or identify or enable the identification of individual beneficiaries.
'Report under section 231 of the Banking Act 2009' is available in Adobe Acrobat Portable Document Format (PDF). If you do not have Adobe Acrobat installed on your computer you can download the software free of charge from the Adobe website. For alternative ways to read PDF documents and further information on website accessibility visit the HM Treasury accessibility page.
