Search Legislation

The Financial Markets and Insolvency (Settlement Finality) Regulations 1999

 Help about what version

What Version

 Help about advanced features

Advanced Features

 Help about opening options

Opening OptionsExpand opening options

Changes over time for: Section 21

 Help about opening options

Alternative versions:

Changes to legislation:

There are outstanding changes not yet made by the legislation.gov.uk editorial team to The Financial Markets and Insolvency (Settlement Finality) Regulations 1999. Any changes that have already been made by the team appear in the content and are referenced with annotations. Help about Changes to Legislation

Disapplication of certain provisions of Part VII

21.—(1) The provisions of the Companies Act 1989 mentioned in paragraph (2) do not apply in relation to—

(a)a market contract which is also a transfer order effected through a designated system; or

(b)a market charge which is also a collateral security charge.

(2) The provisions referred to in paragraph (1) are as follows—

(a)section 163(4) to (6) (net sum payable on completion of default proceedings);

(b)section 164(4) to (6) (disclaimer of property, rescission of contracts, &c); and

(c)section 175(5) and (6) (administration orders, &c).

Back to top

Options/Help