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The Silicon Valley Bank UK Limited Compensation Scheme Order 2025

United Kingdom · regulation

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In force since 2025-01-28, as the publisher states.

Copy read on 2026-11-10. The page it was read from

Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.

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Contents: 3 provisions

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3 provisions

Title and introductory text

2025 No. 83 Banks And Banking The Silicon Valley Bank UK Limited Compensation Scheme Order 2025 Made 27th January 2025 Coming into force 28th January 2025 The Treasury make this Order in exercise of the powers conferred by sections 49(2), 50(2), 61(2) and 259(1) of the Banking Act 2009. A draft of this Order has been laid before Parliament and approved by a resolution of each House of Parliament in accordance with section 62(2) of the Banking Act 2009.

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1 Citation, commencement, extent and interpretation

(1) This Order may be cited as the Silicon Valley Bank UK Limited Compensation Scheme Order 2025. (2) This Order comes into force on the day after the day on which it is made. (3) This Order extends to the England and Wales, Scotland and Northern Ireland. (4) In this Order, “Silicon Valley Bank UK Limited” means the company incorporated on 3rd April 2020 with the company registered number 12546585.

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2 Determination of amount of compensation

The amount of compensation payable by the Treasury to persons who held shares in Silicon Valley Bank UK Limited immediately before those shares were transferred by the Silicon Valley Bank UK Limited Mandatory Reduction and Share Transfer Instrument 2023 is determined as nil.

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