(1) In regulation 20 (transfer order entered into designated system following insolvency) -

(a) after paragraph (1)(a) insert -

"(aa) the appointment of an administrator under paragraph 14 or paragraph 22 of Schedule B1 to the Insolvency Act 1986 [1986 c.45.] has taken effect;";

(b) in paragraphs (2)(a) and 3, after "paragraph (1)(a),", insert "(aa),";

(c) in paragraph (4)(a), omit ", EEA central counterparty";

(d) in paragraph (5)(a), omit ", "EEA central counterparty"".

(2) In regulation 22 (notification of insolvency order or passing of resolution for creditors' voluntary winding up) -

(a) in paragraph (2) -

(i) in sub-paragraph (b), after "protected trust deed," insert "or the appointment of an administrator taking effect";

(ii) in the words following sub-paragraph (b), omit ", the Board, ESMA and other EEA states";

(b) omit paragraph (3).

(3) In regulation 23 (applicable law relating to securities held as collateral security) -