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PART 2 Modification of law requiring formalities
4.Certain legislation requiring formalities not to apply to financial collateral arrangements
5.Certain legislation affecting Scottish companies not to apply to financial collateral arrangements
6.No additional formalities required for creation of a right in security over book entry securities collateral in Scotland
7.Certain legislation affecting Northern Ireland companies and requiring formalities not to apply to financial collateral arrangements
PART 3 Modification of insolvency law
8.Certain legislation restricting enforcement of security not to apply to financial collateral arrangements
9.Certain Northern Ireland legislation restricting enforcement of security not to apply to financial collateral arrangements
10.Certain insolvency legislation on avoidance of contracts and floating charges not to apply to financial collateral arrangements
11.Certain Northern Ireland insolvency legislation on avoidance of contracts and floating charges not to apply to financial collateral arrangements
12.Close-out netting provisions to take effect in accordance with their terms
13.Financial collateral arrangements to be enforceable where collateral-taker not aware of commencement of winding-up proceedings or reorganisation measures
14.Modification of the Insolvency Rules 1986 and the Insolvency Rules (Northern Ireland) 1991