{
  "url": "https://openlegislation.uk/draft-small-business-enterprise-and-employment-act-2015-consequential-amendments-savings-and-transitional-provisions-regulations-2017/regulation-8",
  "json_url": "https://openlegislation.uk/draft-small-business-enterprise-and-employment-act-2015-consequential-amendments-savings-and-transitional-provisions-regulations-2017/regulation-8.json",
  "legislation": "ukdsi/2017/9780111162675",
  "legislation_title": "The Small Business, Enterprise and Employment Act 2015 (Consequential Amendments, Savings and Transitional Provisions) Regulations 2017",
  "legislation_url": "https://openlegislation.uk/draft-small-business-enterprise-and-employment-act-2015-consequential-amendments-savings-and-transitional-provisions-regulations-2017",
  "path": "regulation/8",
  "kind": "regulation",
  "number": "8",
  "heading": "The Financial Collateral Arrangements (No. 2) Regulations 2003",
  "text": "In regulation 12 of the Financial Collateral Arrangements (No. 2) Regulations 2003 (close-out netting provisions to take effect in accordance with their terms), in paragraph (2)—\n(a) after sub-paragraph (a) insert—\n“(aa) in Scotland, that party had notice that a meeting of creditors of the other party had been summoned under section 98 of the Insolvency Act 1986;\n(ab) in England and Wales, that party had notice that a statement as to the affairs of the other party had been sent to the other party’s creditors under section 99(1) of that Act;\n(ac) that party had notice that a meeting of creditors of the other party had been summoned under Article 84 of the Insolvency (Northern Ireland) Order 1989;”; and\n(b) in sub-paragraph (b) omit the words from “that a meeting of creditors” to “Companies (Northern Ireland) Order 1989 or”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "S.I. 2003/3226, as amended by S.I. 2010/2993. There are other amendments, but they are not relevant."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "Section 99(1) was substituted by the Small Business, Enterprise and Employment Act 2015, section 126 and Schedule 9, paragraphs 1 and 23."
    },
    {
      "type": "footnote",
      "label": "f3",
      "text": "S.I. 1989/2405 (N.I. 19)."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2017/9780111162675/regulation/8",
    "retrieved_at": "2026-10-30T15:05:43.896119+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."
}