Paragraph 1 I1

England, Wales and Scotland

The provisions of this Schedule have effect for the purpose of safeguarding the operation of certain financial markets—

(a)

in the event of the insolvency, winding up or default of a person party to transactions in the market (paragraphs 2 to 8), and

(b)

as regards the effectiveness or enforcement of certain charges given to secure obligations in connection with such transactions (paragraphs 9 to 12).

Annotations

I1: Sch. 22 wholly in force at 25.4.1991 see s. 215 and S.I. 1991/878, art. 2, Sch.