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UK Financial Services Law
Legislation (UK)
Statutory Instruments
1999
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Table of Contents
Table of Contents
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Financial Markets and Insolvency (Settlement Finality) Regulations 1999 [SI 1999 No. 2979]
Introductory Text
Part I General (regs. 1-2)
Regulation 1 Citation, commencement and extent
Regulation 2 Interpretation
Part II Designated Systems (regs. 3-12)
Regulation 3 Application for designation
Regulation 4 Grant and refusal of designation
Regulation 5 Fees
Regulation 6 Certain bodies deemed to satisfy requirements for designation
Regulation 7 Revocation of designation
Regulation 8 Undertakings treated as institutions
Regulation 9 Indirect participants treated as participants
Regulation 10 Provision of information by designated systems
Regulation 11 Exemption from liability in damages
Regulation 12 Publication of information and advice
Part III Transfer Orders Effected Through a Designated System and Collateral Security (regs. 13-27)
Regulation 13 Modifications of the law of insolvency
Regulation 14 Proceedings of designated system take precedence over insolvency proceedings
Regulation 15 Net sum payable on completion of action taken under default arrangements
Regulation 16 Disclaimer of property, rescission of contracts, &c
Regulation 17 Adjustment of prior transactions
Collateral security charges (regs. 18-19)
Regulation 18 Modifications of the law of insolvency
Regulation 19 Administration orders, &c
General (regs. 20-27)
Regulation 20 Transfer order entered into designated system following insolvency
Regulation 21 Disapplication of certain provisions of Part VII and Part V
Regulation 22 Notification of insolvency order or passing of resolution for creditors' voluntary winding up
Regulation 23 Applicable law relating to securities held as collateral security
Regulation 24 Applicable law where insolvency proceedings are brought
Regulation 25 Insolvency proceedings in other jurisdictions
Regulation 26 Systems designated in Gibraltar
Regulation 27 Applicable law for orders made and collateral provided before IP completion day
Schedule - Requirements for Designation of System
Signature
Explanatory Note
Document Overview
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https://service.betterregulation.com/document/344195
Financial Markets and Insolvency (Settlement Finality) Regulations 1999 [SI 1999 No. 2979]
Part III Transfer Orders Effected Through a Designated System and Collateral Security (regs. 13-27)
Collateral security charges (regs. 18-19)
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Collateral security charges (regs. 18-19)
Regulation 18 Modifications of the law of insolvency
Regulation 19 Administration orders, &c
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