The Companies (No. 2) (Northern Ireland) Order 1990 No. 1504 (NI. 10)

PART V N.I. FINANCIAL MARKETS AND INSOLVENCY

Modifications etc. (not altering text)

C1 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 N.I.

Introduction N.I.

79.  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).