The Financial Collateral Arrangements (No.2) Regulations 2003

Certain legislation affecting Scottish companies not to apply to financial collateral arrangements U.K.

5.   [F1 Sections 878 (charges created by a company) and 889 (charges void unless registered) of the Companies Act 2006] shall not apply [F2 (if they would otherwise do so)] in relation to a security financial collateral arrangement or any charge created or otherwise arising under a security financial collateral arrangement.

Textual Amendments

F1 Words in reg. 5 substituted (1.10.2009) by The Financial Collateral Arrangements (No. 2) Regulations 2003 (Amendment) Regulations 2009 (S.I. 2009/2462), regs. 1(2), 2(3)(a)

F2 Words in reg. 5 substituted (1.10.2009) by The Financial Collateral Arrangements (No. 2) Regulations 2003 (Amendment) Regulations 2009 (S.I. 2009/2462), regs. 1(2), 2(3)(b)