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Regulation 3 Prescribed particulars of charges created by a company

Original text. Later amendments are not shown.

The prescribed particulars for the purposes of section 878(1) of the Act are—

(a)

the particulars prescribed by regulation 2; and

(b)

in the case of a floating charge, a statement as to any provisions of the charge and of any instrument relating to it which prohibit or restrict or regulate the power of the company to grant further securities ranking in priority to, or pari passu with, the floating charge, or which vary or otherwise regulate the order of ranking of the floating charge in relation to subsisting securities.