1995 No. 2049

FINANCIAL SERVICES

The Financial Markets and Insolvency (Money Market) Regulations 1995

Made

Laid before Parliament

Coming into force

Whereas the Treasury and the Secretary of State are satisfied that, having regard to the extent to which the contracts described in these Regulations as “money market contracts” are of a kind dealt in by persons supervised by the Bank of England, it is appropriate that setttlement arrangements in relation to those contracts should be subject to the supervision of the Bank of England, and

Whereas the Treasury and the Secretary of State have consulted the Bank of England before making these Regulations:

Now, therefore, the Treasury and the Secretary of State, in exercise of the powers vested in them jointly under sections 171, 176, 181, 185 and 186 of the Companies Act 19891and of all other powers enabling them in that behalf, hereby make the following Regulations—