1The provisions of this Schedule have effect for the purpose of safeguarding the operation of certain financial markets—
(a)in the event of the insolvency, winding up or default of a person party to transactions in the market (paragraphs 2 to 8), and
(b)as regards the effectiveness or enforcement of certain charges given to secure obligations in connection with such transactions (paragraphs 9 to 12).
Commencement Information
I1Sch. 22 wholly in force at 25.4.1991 see s. 215 and S.I. 1991/878, art. 2, Sch.