# The Small Business, Enterprise and Employment Act 2015 (Consequential Amendments, Savings and Transitional Provisions) Regulations 2017, Regulation 8: The Financial Collateral Arrangements (No. 2) Regulations 2003


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)—
(a) after sub-paragraph (a) insert—
“(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;
(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;
(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
(b) in sub-paragraph (b) omit the words from “that a meeting of creditors” to “Companies (Northern Ireland) Order 1989 or”.

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Source: https://www.legislation.gov.uk/ukdsi/2017/9780111162675/regulation/8 (the official version)
Page: https://openlegislation.uk/draft-small-business-enterprise-and-employment-act-2015-consequential-amendments-savings-and-transitional-provisions-regulations-2017/regulation-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.