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Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019 [SI 2019 No. 341]Introductory TextPart 1 Introduction (reg. 1)Regulation 1 Citation, commencement and interpretationPart 2 Amendment of primary legislation (regs. 2-3)Regulation 2 Part 7 of the Companies Act 1989Regulation 3 The Banking Act 2009Part 3 Amendment of secondary legislation (regs. 4-12)Regulation 4 The 1999 RegulationsRegulation 5 InterpretationRegulation 6 Designated systemsRegulation 7 Modification of the law of insolvencyRegulation 8 GeneralRegulation 9 Transitional provision for orders made before IP completion dayRegulation 10 Amendments to the ScheduleRegulation 11 The Financial Markets and Insolvency Regulations 1991Regulation 12 The Financial Collateral Arrangements (No 2) Regulations 2003Part 4 Temporary Designation Regime (regs. 13-20)Regulation 13 InterpretationRegulation 14 Application of Part 4Regulation 15 Notification requirementRegulation 16 Effect of acknowledgment of notificationRegulation 17 Cessation of temporary designationRegulation 18 Temporary designation period durationRegulation 18A Transitional provisions: bank stabilisationRegulation 19 Regulations under this PartRegulation 20 Application of the 2000 Act to the Bank of England in relation to its functions under this PartPart 5 Existing designation orders (reg. 21)Regulation 21 Existing designation ordersSignatureExplanatory NoteExplanatory MemorandumImpact Assessment
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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 31 December 2020 - onwards
Version 2 of 2

Regulation 7 Modification of the law of insolvency

For regulation 13(2)(b) (modifications of the law of insolvency) substitute -

"(b) insolvency proceedings in respect of a provider of collateral security, in so far as the proceedings affect the rights of the collateral-taker; and".

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