Regulation 9 Transitional provision for orders made before exit day

After regulation 26 insert—

“Applicable law for orders made and collateral provided before exit day

27.

After exit day the provisions of these Regulations as they were in force immediately before exit day continue to apply to—

(a)

transfer orders entered into a designated system and collateral security provided, prior to exit day;

(b)

equivalent overseas orders entered, prior to exit day, into a system designated for the purposes of the Settlement Finality Directive in an EEA state or designated in Gibraltar; and

(c)

equivalent overseas security provided prior to exit day.”.