http://www.legislation.gov.uk/id/nisi/1990/1504/part/V

C1PART VFINANCIAL MARKETS AND INSOLVENCY

Annotations:

Modifications etc. (not altering text)

Pt. V applied (with modifications) (8.2.2011) by Investment Bank Special Administration Regulations 2011 (S.I. 2011/245), regs. 1, 8(7), 9, 15, 16-21, 24-26, Schs. 1-5

Introduction

Introduction79

This Part has effect for the purposes of safeguarding the operation of certain financial markets by provisions with respect to—

a

the insolvency, winding up or default of a person party to transactions in the market (Articles 80 to 94),

b

the effectiveness or enforcement of certain charges given to secure obligations in connection with such transactions (Articles 95 to 98), and

c

rights and remedies in relation to certain property provided as cover for margin in relation to such transactions or subject to such a charge (Articles 99 to 103).