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  1. Financial Markets and Insolvency (Settlement Finality) Regulations 1999 [SI 1999 No. 2979]
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Version status: In force | Document consolidation status: Updated to reflect all known changes
Published date: 2 November 1999

Financial Markets and Insolvency (Settlement Finality) Regulations 1999 [SI 1999 No. 2979]

Consolidation Status: Updated to reflect all known changes

To be revoked by s. 1 and Sch. 1 Pt 2 to the Financial Services and Markets Act 2023 (c. 29) (FSMA 2023), Sch. 1 Pt 2 not yet fully commenced.

Comparing proposed amendment...
Introductory Text
Part I General (regs. 1-2)
In force
 Regulation 1 Citation, commencement and extent
In force
 Regulation 2 Interpretation
Part II Designated Systems (regs. 3-12)
In force
 Regulation 3 Application for designation
In force
 Regulation 4 Grant and refusal of designation
In force
 Regulation 5 Fees
In force
 Regulation 6 Certain bodies deemed to satisfy requirements for designation
In force
 Regulation 7 Revocation of designation
In force
 Regulation 8 Undertakings treated as institutions
In force
 Regulation 9 Indirect participants treated as participants
In force
 Regulation 10 Provision of information by designated systems
In force
 Regulation 11 Exemption from liability in damages
In force
 Regulation 12 Publication of information and advice
Part III Transfer Orders Effected Through a Designated System and Collateral Security (regs. 13-27)
In force
 Regulation 13 Modifications of the law of insolvency
In force
 Regulation 14 Proceedings of designated system take precedence over insolvency proceedings
In force
 Regulation 15 Net sum payable on completion of action taken under default arrangements
In force
 Regulation 16 Disclaimer of property, rescission of contracts, &c
In force
 Regulation 17 Adjustment of prior transactions
Collateral security charges (regs. 18-19)
In force
 Regulation 18 Modifications of the law of insolvency
In force
 Regulation 19 Administration orders, &c
General (regs. 20-27)
In force
 Regulation 20 Transfer order entered into designated system following insolvency
In force
 Regulation 21 Disapplication of certain provisions of Part VII and Part V
In force
 Regulation 22 Notification of insolvency order or passing of resolution for creditors' voluntary winding up
In force
 Regulation 23 Applicable law relating to securities held as collateral security
In force
 Regulation 24 Applicable law where insolvency proceedings are brought
In force
 Regulation 25 Insolvency proceedings in other jurisdictions
In force
 Regulation 26 Systems designated in Gibraltar
In force
 Regulation 27 Applicable law for orders made and collateral provided before IP completion day
In force
 Schedule - Requirements for Designation of System
Signature
Explanatory Note
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