
Print Options
PrintThe Whole
Instrument
PrintThe Whole
Part
PrintThis
Section
only
Changes over time for: Section 8


Timeline of Changes
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Status:
Point in time view as at 26/06/2020.
Changes to legislation:
The Financial Collateral Arrangements (No.2) Regulations 2003, Section 8 is up to date with all changes known to be in force on or before 06 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.

Changes to Legislation
Changes and effects yet to be applied by the editorial team are only applicable when viewing the latest version or prospective version of legislation. They are therefore not accessible when viewing legislation as at a specific point in time. To view the ‘Changes to Legislation’ information for this provision return to the latest version view using the options provided in the ‘What Version’ box above.
Certain legislation restricting enforcement of security not to apply to financial collateral arrangementsU.K.
8.—(1) The following provisions of Schedule B1 to the Insolvency Act 1986 (administration) shall not apply to any security interest created or otherwise arising under a financial collateral arrangement—
(a)paragraph 43(2) (restriction on enforcement of security or repossession of goods) including that provision as applied by paragraph 44 (interim moratorium); ...
[(aa)paragraph 65(2) (distribution);]
(b)paragraphs 70 and 71 (power of administrator to deal with charged property); [and]
[(c)paragraph 99(3) and (4) (administrator’s remuneration, expenses and liabilities).]
(2) Paragraph 41(2) of Schedule B1 to the Insolvency Act 1986 (receiver to vacate office when so required by administrator) shall not apply to a receiver appointed under a charge created or otherwise arising under a financial collateral arrangement.
(3) The following provisions of the Insolvency Act 1986 (administration) shall not apply in relation to any security interest created or otherwise arising under a financial collateral arrangement—
(a)sections 10(1)(b) and 11(3)(c) (restriction on enforcement of security while petition for administration order pending or order in force); and
(b)section 15(1) and 15(2) (power of administrator to deal with charged property); [and]
[(c)section 19(4) and 19(5) (administrator’s remuneration, expenses and liabilities).]
(4) Section 11(2) of the Insolvency Act 1986 (receiver to vacate office when so required by administrator) shall not apply to a receiver appointed under a charge created or otherwise arising under a financial collateral arrangement.
(5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
Marginal Citations
Back to top