SCHEDULES

SCHEDULE 22

Introductory

1

The 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).