{
  "url": "https://openlegislation.uk/credit-institutions-reorganisation-and-winding-up-regulations-2004/regulation-28",
  "json_url": "https://openlegislation.uk/credit-institutions-reorganisation-and-winding-up-regulations-2004/regulation-28.json",
  "legislation": "uksi/2004/1045",
  "legislation_title": "The Credit Institutions (Reorganisation and Winding up) Regulations 2004",
  "legislation_url": "https://openlegislation.uk/credit-institutions-reorganisation-and-winding-up-regulations-2004",
  "path": "regulation/28",
  "kind": "regulation",
  "number": "28",
  "heading": "Creditors' rights to set off",
  "text": "(1) A relevant reorganisation or a relevant winding up shall not affect the right of creditors to demand the set-off of their claims against the claims of the affected credit institution, where such a set-off is permitted by the law applicable to the affected credit institution’s claim.\n(2) Paragraph (1) does not preclude actions for voidness, voidability or unenforceability of legal acts detrimental to creditors under the general law of insolvency of the United Kingdom.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2004/1045/regulation/28",
    "retrieved_at": "2026-10-29T05:27:52.164786+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}