SCHEDULES

F1SCHEDULE 19CInsurers in financial difficulties: enforcement of contracts

PART 4Exclusions and disapplication of this Schedule

Exclusions

9

(1)

Nothing in this Schedule affects the operation of—

(a)

Part 7 of the Companies Act 1989 (financial markets and insolvency);

(b)

the Financial Markets and Insolvency Regulations 1996 (S.I. 1996/1469);

(c)

the Financial Markets and Insolvency (Settlement Finality) Regulations 1999 (S.I. 1999/2979);

(d)

the Financial Collateral Arrangements (No.2) Regulations 2003 (S.I. 2003/3226).

(2)

Nothing in this Schedule affects any protected arrangements within the meaning of section 48P of the Banking Act 2009.