Section 377K

Exclusions

9

(1) Nothing in this Schedule affects the operation of -

(a) Part 7 of the Companies Act 1989 (financial markets and insolvency);

(b) the Financial Markets and Insolvency Regulations 1996 (S.I. 1996/1469);

(c) the Financial Markets and Insolvency (Settlement Finality) Regulations 1999 (S.I. 1999/2979);

(d) the Financial Collateral Arrangements (No.2) Regulations 2003 (S.I. 2003/3226).

(2) Nothing in this Schedule affects any protected arrangements within the meaning of section 48P of the Banking Act 2009.

Disapplication of this Schedule by the court

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(1) The court may order that this Schedule, or a specified provision of this Schedule -

(a) does not apply (insofar as it would otherwise) in relation to one or more contracts to which the insurer is a party, or