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The Financial Markets and Insolvency Regulations 1991
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- UK Statutory Instruments
- 1991 No. 880
- PART IV
- Regulation 6
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Duty of recognised overseas investment exchange or clearing house toreport on completion of default proceedings
6.—(1) Section 162 of the Act (duty to report on completion of defaultproceedings) shall be amended as follows.
(2) At the beginning of subsection (1) insert“Subject to subsection (1A),”.
(3) After subsection (1) insert the following new subsection—
“(1A) A recognised overseas investment exchange or recognised overseasclearing house shall not be subject to the obligation under subsection(1) unless it has been notified by the Secretary of State that a reportis required for the purpose of insolvency proceedings in any part of theUnited Kingdom.”.
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