C1C2 Part VII Financial Markets and Insolvency
Annotations:
Modifications etc. (not altering text)
C2
Pt. VII: power to apply conferred (1.12.2001) by 2000 c. 8, s. 301(1)(a); S.I. 2001/3538, art. 2(1)
Introduction
I1154 Introduction.
This Part has effect for the purposes of safeguarding the operation of certain financial markets by provisions with respect to—
a
the insolvency, winding up or default of a person party to transactions in the market (sections 155 to 172),
b
the effectiveness or enforcement of certain charges given to secure obligations in connection with such transactions (sections 173 to 176), and
c
rights and remedies in relation to certain property provided as cover for margin in relation to such transactions F1or as default fund contribution, or subject to such a charge (sections 177 to 181).
Pt. VII (ss. 154-191): functions of the Secretary of State transferred (7.6.1992) to the Treasury by S.I. 1992/1315, art. 2(1)(c) (with art. 6)
Pt. VII (ss. 154-191) applied (E.W.S.) (15.8.1995) by S.I. 1995/2049, reg.3; and applied (with modifications) (E.W.S.) (15.8.1995) by S.I. 1995/2049, regs.3,4,5,19, 26; and applied (with modifications) (15.7.1996) by S.I. 1996/1469, regs.3, 4, 5