
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.
Citation, commencement, extent and interpretation
1 

(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.
Determination of amount of compensation
2 
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.
Vicky Foxcroft
Nicholas Dakin
Two Lords Commissioners of His Majesty’s Treasury
27th January 2025