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The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
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- UK Statutory Instruments
- 1999 No. 2979
- PART III
- General
- Regulation 25
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Changes and effects yet to be applied to Regulation 25:
- Sch. para. 1(5) inserted by S.I. 2010/2993 reg. 2(17)(a)
- Sch. para. 5(1A)(1B) inserted by S.I. 2010/2993 reg. 2(17)(d)
- Sch. para. 4(ba) inserted by S.I. 2013/472 Sch. 2 para. 27(e)(ii)
- Sch. para. 5(4)(c) inserted by S.I. 2019/341 reg. 10(d)(iii)
- Regulations amendment to earlier affecting provision S.I. 2021/716, reg. 5 by S.I. 2023/1399 reg. 4
- Regulations applied (with modifications) by S.I. 2009/317 art. 3 Sch.
- Regulations applied (with modifications) by S.I. 2011/245 Sch. 6 Pt. 1
- Regulations applied (with modifications) by S.I. 2021/716 Sch. 3 para. 2 3
- Regulations power to amend or revoke conferred by 2023 c. 29 s. 15 17
- Regulations power to modify conferred by 2023 c. 29 s. 3 Sch. 1 Pt. 2
- Regulations power to modify conferred by 2023 c. 29 s. 13 17
- Regulations revoked by 2023 c. 29 Sch. 1 Pt. 2
- reg. 2(2)(za) inserted by S.I. 2017/80 Sch. para. 23
- reg. 2(2A)(2B) inserted by S.I. 2014/3348 Sch. 3 para. 7
- reg. 2(2A) words omitted by S.I. 2019/341 reg. 5(3)(a)
- reg. 2(2A)(a) words substituted by S.I. 2019/341 reg. 5(3)(b)
- reg. 2(2A)(b) word substituted by S.I. 2019/341, reg. 5(3)(c) (as inserted) by S.I. 2019/710 reg. 20(2)
- reg. 2(2B)(b) omitted by S.I. 2019/341 reg. 5(4)
- reg. 2(2B)(b) words inserted by S.I. 2020/1350 reg. 26(2)
- reg. 2(5) inserted by S.I. 2013/504 reg. 32(2)(c)
- reg. 2(5)(d) inserted by S.I. 2019/341 reg. 5(6)
- reg. 2(6) inserted by S.I. 2019/341 reg. 5(7)
- reg. 2(7) inserted by S.I. 2019/341 reg. 5(8)
- reg. 4(6) inserted by S.I. 2015/347 reg. 2(3)
- reg. 4(6) omitted by S.I. 2019/341 reg. 6(1)
- reg. 4(6) word substituted by S.I. 2016/1095 reg. 2(3)
- reg. 6(3)(4) 6(3)(4) subtituted for 6(3) by S.I. 2017/1064 Sch. para. 22(2)(b)
- reg. 6(3) inserted by S.I. 2013/504 reg. 32(3)(b)
- reg. 6(3) words omitted by S.I. 2019/341 reg. 6(2)(b)
- reg. 7(2)(c) omitted by S.I. 2013/472 Sch. 2 para. 27(c)(i)
- reg. 7(2)(d) substituted by S.I. 2013/472 Sch. 2 para. 27(c)(ii)
- reg. 7(2)(d) substituted by S.I. 2017/1064 Sch. para. 22(3)(c)
- reg. 7(2)(ba) inserted by S.I. 2017/1064 Sch. para. 22(3)(b)
- reg. 7(4) words inserted by S.I. 2010/2993 reg. 2(6)
- reg. 9(2) inserted by S.I. 2010/2993 reg. 2(8)(b)
- reg. 10(1A) inserted by S.I. 2019/341 reg. 6(4)(b)
- reg. 10(4A) inserted by S.I. 2013/504 reg. 32(4)(b)
- reg. 10(4B) inserted by S.I. 2019/341 reg. 6(4)(d)
- reg. 13(2)(c) inserted by S.I. 2010/2993 reg. 2(10)(c)
- reg. 13(4) inserted by S.I. 2010/2993 reg. 2(10)(d)
- reg. 13(4) words substituted by S.I. 2013/504 reg. 32(5)(a)
- reg. 13(4)(a)(b) omitted by S.I. 2013/504 reg. 32(5)(b)
- reg. 14(5)(a)(v) words inserted by S.I. 2010/2993 reg. 2(11)(f)
- reg. 14(5)(a)(iii)(iv)(v) substituted for reg. 14(5)(a)(ii) by S.I. 2009/1972 reg. 4(d)(iii)
- reg. 14(5)(a)(iv) substituted by S.I. 2010/2993 reg. 2(11)(e)
- reg. 14(6)(c) inserted by S.I. 2009/1972 reg. 4(e)(ii)
- reg. 15(4) inserted by S.I. 2009/1972 reg. 5(b)
- reg. 19(1A) inserted by S.I. 2006/50 reg. 2(10)(a)
- reg. 19(1A) words inserted by S.I. 2007/832 reg. 2(4)(a)
- reg. 19(1A) words substituted by S.I. 2007/832 reg. 2(4)(c)
- reg. 19(1A)(a)-(b) substituted by S.I. 2007/832 reg. 2(4)(b)
- reg. 19(1B) inserted by S.I. 2009/1972 reg. 7(b)
- reg. 19(1ZA) inserted by S.I. 2009/1972 reg. 7(a)
- reg. 19(2A) inserted by S.I. 2003/2096 Sch. para. 76(b)
- reg. 19(2A) words inserted by S.I. 2007/832 reg. 2(5)
- reg. 19(4) inserted by S.I. 2009/1972 reg. 7(c)
- reg. 19(4) omitted by 2020 c. 12 Sch. 3 para. 35
- reg. 20(1)(aa) inserted by S.I. 2019/341 reg. 8(1)(a)
- reg. 20(4)(5) inserted by S.I. 2013/504 reg. 32(6)(c)
- reg. 20(4)(a) words omitted by S.I. 2019/341 reg. 8(1)(c)
- reg. 20(5)(a) words omitted by S.I. 2019/341 reg. 8(1)(d)
- reg. 22(3) inserted by S.I. 2016/1095 reg. 2(4)(b)
- reg. 22(3) omitted by S.I. 2019/341 reg. 8(2)(b)
- reg. 25(2) words inserted by S.I. 2006/50 reg. 2(13)
- reg. 25(3) words inserted by S.I. 2007/1655 Sch. para. 32(2)
- reg. 25(3) words omitted by S.I. 2019/341 reg. 8(5)
- reg. 25(3) words substituted by S.I. 2014/2947 Sch. 4 para. 5
- reg. 26(2)(b)(i) word omitted by S.I. 2019/341 reg. 8(6)(c)(i)
- reg. 26(2)(b)(ii) omitted by S.I. 2019/341 reg. 8(6)(c)(ii)
- reg. 27 inserted by S.I. 2019/341 reg. 9
- reg. 27 words substituted in earlier amending provision S.I. 2019/341, reg. 9 by S.I. 2020/1301 reg. 3 Sch. para. 23(a)
- reg. 27(1) reg. 27 renumbered as reg. 27(1) in earlier amending provision S.I. 2019/341, reg. 9 by S.I. 2019/710 reg. 20(3)(a)
- reg. 27(2) inserted in earlier amending provision S.I. 2019/341, reg. 9 by S.I. 2019/710 reg. 20(3)(b)
- reg. 27(2) words substituted in earlier amending provision S.I. 2019/341, reg. 9 (as amended by S.I. 2019/710, reg. 20(3)(b)) by S.I. 2020/1301 reg. 3 Sch. para. 43(e)
Changes and effects yet to be applied to the whole Instrument associated Parts and Chapters:
Whole provisions yet to be inserted into this Instrument (including any effects on those provisions):
- Sch. para. 1(5) inserted by S.I. 2010/2993 reg. 2(17)(a)
- Sch. para. 5(1A)(1B) inserted by S.I. 2010/2993 reg. 2(17)(d)
- Sch. para. 4(ba) inserted by S.I. 2013/472 Sch. 2 para. 27(e)(ii)
- Sch. para. 5(4)(c) inserted by S.I. 2019/341 reg. 10(d)(iii)
- reg. 2(2)(za) inserted by S.I. 2017/80 Sch. para. 23
- reg. 2(2A)(2B) inserted by S.I. 2014/3348 Sch. 3 para. 7
- reg. 2(2A) words omitted by S.I. 2019/341 reg. 5(3)(a)
- reg. 2(2A)(a) words substituted by S.I. 2019/341 reg. 5(3)(b)
- reg. 2(2A)(b) word substituted by S.I. 2019/341, reg. 5(3)(c) (as inserted) by S.I. 2019/710 reg. 20(2)
- reg. 2(2B)(b) omitted by S.I. 2019/341 reg. 5(4)
- reg. 2(2B)(b) words inserted by S.I. 2020/1350 reg. 26(2)
- reg. 2(5) inserted by S.I. 2013/504 reg. 32(2)(c)
- reg. 2(5)(d) inserted by S.I. 2019/341 reg. 5(6)
- reg. 2(6) inserted by S.I. 2019/341 reg. 5(7)
- reg. 2(7) inserted by S.I. 2019/341 reg. 5(8)
- reg. 4(6) inserted by S.I. 2015/347 reg. 2(3)
- reg. 4(6) omitted by S.I. 2019/341 reg. 6(1)
- reg. 4(6) word substituted by S.I. 2016/1095 reg. 2(3)
- reg. 6(3)(4) 6(3)(4) subtituted for 6(3) by S.I. 2017/1064 Sch. para. 22(2)(b)
- reg. 6(3) inserted by S.I. 2013/504 reg. 32(3)(b)
- reg. 6(3) words omitted by S.I. 2019/341 reg. 6(2)(b)
- reg. 7(2)(c) omitted by S.I. 2013/472 Sch. 2 para. 27(c)(i)
- reg. 7(2)(d) substituted by S.I. 2013/472 Sch. 2 para. 27(c)(ii)
- reg. 7(2)(d) substituted by S.I. 2017/1064 Sch. para. 22(3)(c)
- reg. 7(2)(ba) inserted by S.I. 2017/1064 Sch. para. 22(3)(b)
- reg. 7(4) words inserted by S.I. 2010/2993 reg. 2(6)
- reg. 9(2) inserted by S.I. 2010/2993 reg. 2(8)(b)
- reg. 10(1A) inserted by S.I. 2019/341 reg. 6(4)(b)
- reg. 10(4A) inserted by S.I. 2013/504 reg. 32(4)(b)
- reg. 10(4B) inserted by S.I. 2019/341 reg. 6(4)(d)
- reg. 13(2)(c) inserted by S.I. 2010/2993 reg. 2(10)(c)
- reg. 13(4) inserted by S.I. 2010/2993 reg. 2(10)(d)
- reg. 13(4) words substituted by S.I. 2013/504 reg. 32(5)(a)
- reg. 13(4)(a)(b) omitted by S.I. 2013/504 reg. 32(5)(b)
- reg. 14(5)(a)(v) words inserted by S.I. 2010/2993 reg. 2(11)(f)
- reg. 14(5)(a)(iii)(iv)(v) substituted for reg. 14(5)(a)(ii) by S.I. 2009/1972 reg. 4(d)(iii)
- reg. 14(5)(a)(iv) substituted by S.I. 2010/2993 reg. 2(11)(e)
- reg. 14(6)(c) inserted by S.I. 2009/1972 reg. 4(e)(ii)
- reg. 15(4) inserted by S.I. 2009/1972 reg. 5(b)
- reg. 19(1A) inserted by S.I. 2006/50 reg. 2(10)(a)
- reg. 19(1A) words inserted by S.I. 2007/832 reg. 2(4)(a)
- reg. 19(1A) words substituted by S.I. 2007/832 reg. 2(4)(c)
- reg. 19(1A)(a)-(b) substituted by S.I. 2007/832 reg. 2(4)(b)
- reg. 19(1B) inserted by S.I. 2009/1972 reg. 7(b)
- reg. 19(1ZA) inserted by S.I. 2009/1972 reg. 7(a)
- reg. 19(2A) inserted by S.I. 2003/2096 Sch. para. 76(b)
- reg. 19(2A) words inserted by S.I. 2007/832 reg. 2(5)
- reg. 19(4) inserted by S.I. 2009/1972 reg. 7(c)
- reg. 19(4) omitted by 2020 c. 12 Sch. 3 para. 35
- reg. 20(1)(aa) inserted by S.I. 2019/341 reg. 8(1)(a)
- reg. 20(4)(5) inserted by S.I. 2013/504 reg. 32(6)(c)
- reg. 20(4)(a) words omitted by S.I. 2019/341 reg. 8(1)(c)
- reg. 20(5)(a) words omitted by S.I. 2019/341 reg. 8(1)(d)
- reg. 22(3) inserted by S.I. 2016/1095 reg. 2(4)(b)
- reg. 22(3) omitted by S.I. 2019/341 reg. 8(2)(b)
- reg. 26(2)(b)(i) word omitted by S.I. 2019/341 reg. 8(6)(c)(i)
- reg. 26(2)(b)(ii) omitted by S.I. 2019/341 reg. 8(6)(c)(ii)
- reg. 27 inserted by S.I. 2019/341 reg. 9
- reg. 27 words substituted in earlier amending provision S.I. 2019/341, reg. 9 by S.I. 2020/1301 reg. 3 Sch. para. 23(a)
- reg. 27(1) reg. 27 renumbered as reg. 27(1) in earlier amending provision S.I. 2019/341, reg. 9 by S.I. 2019/710 reg. 20(3)(a)
- reg. 27(2) inserted in earlier amending provision S.I. 2019/341, reg. 9 by S.I. 2019/710 reg. 20(3)(b)
- reg. 27(2) words substituted in earlier amending provision S.I. 2019/341, reg. 9 (as amended by S.I. 2019/710, reg. 20(3)(b)) by S.I. 2020/1301 reg. 3 Sch. para. 43(e)
Insolvency proceedings in other jurisdictions
25.—(1) The references to insolvency law in section 426 of the Insolvency Act 1986 (co-operation between courts exercising jurisdiction in relation to insolvency) include, in relation to a part of the United Kingdom, this Part and, in relation to a relevant country or territory within the meaning of that section, so much of the law of that country or territory as corresponds to this Part.
(2) A court shall not, in pursuance of that section or any other enactment or rule of law, recognise or give effect to—
(a)any order of a court exercising jurisdiction in relation to insolvency law in a country or territory outside the United Kingdom, or
(b)any act of a person appointed in such a country or territory to discharge any functions under insolvency law,
in so far as the making of the order or the doing of the act would be prohibited in the case of a court in England and Wales or Scotland or a relevant office-holder by this Part.
(3) Paragraph (2) does not affect the recognition or enforcement of a judgment required to be recognised or enforced under or by virtue of the Civil Jurisdiction and Judgments Act 1982(1) [F1or Council Regulation (EC) No. 44/2001 of 22nd December 2000 on jurisdiction and the recognition and enforcement of judgments in civil and commercial matters].
Textual Amendments
F1Words in reg. 25(3) added (1.3.2002) by The Civil Jurisdiction and Judgments Order 2001 (S.I. 2001/3929), art. 1(b), Sch. 3 para. 27
(1)
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