The Banking Code was a voluntary code of practice agreed by United Kingdom

United Kingdom

The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...

 bank

Bank

A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...

s.

On 1 November 2009 the Financial Services Authority

Financial Services Authority

The Financial Services Authority is a quasi-judicial body responsible for the regulation of the financial services industry in the United Kingdom. Its board is appointed by the Treasury and the organisation is structured as a company limited by guarantee and owned by the UK government. Its main...

 (FSA) Banking Conduct Regime commenced. It applies to the regulated activity of accepting deposits, and replaces the non-lending aspects of the Banking Code and Business Banking Code (industry-owned codes that were monitored by the Banking Code Standards Board).

The Banking Code had also regulated legal liability of banks for disputed debit

Debit card

A debit card is a plastic card that provides the cardholder electronic access to his or her bank account/s at a financial institution...

 and credit card

Credit card

A credit card is a small plastic card issued to users as a system of payment. It allows its holder to buy goods and services based on the holder's promise to pay for these goods and services...

transactions. On 1 November 2009 it was superseded by the FSA Payment Services Regulations 2009, amongst other things making banks legally liable for transactions unless they could prove that customers had authorised them.