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The Financial Markets and Insolvency (Money Market) Regulations 1995
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- UK Statutory Instruments
- 1995 No. 2049
- MONEY MARKET PROPERTY
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MONEY MARKET PROPERTY
Money market property
25.—(1) Section 177 of the Act (application of margin not affected by certain other interests) shall apply to any description of property provided as cover for margin and to any description of property otherwise provided by a person to a listed person for the purposes of or in connection with the settlement of money market contracts or related contracts.
(2) Section 179 of the Act (priority of market charge over unpaid vendor’s lien) shall apply to property subject to an unpaid vendor’s lien which becomes subject to a money market charge.
(3) Section 180 of the Act (proceedings against market property by unsecured creditors) shall apply to any description of property provided as cover for margin, to any description of property otherwise provided by a person to a listed person for the purposes of or in connection with the settlement of money market contracts or related contracts and to property which is subject to a money market charge.
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