# Directive 2009/138/EC of the European Parliament and of the Council of 25 November 2009 on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II) (recast) (Text with EEA relevance), Article 289: Regulated markets

Extent: E+W+S+N.I.

1. Without prejudice to Article 286 the effects of a reorganisation measure or the opening of winding-up proceedings on the rights and obligations of the parties to a regulated market shall be governed solely by the law applicable to that market.
2. Paragraph 1 shall not preclude actions for nullity, voidability, or unenforceability referred to in Article 274(2)(l) which may be taken to set aside payments or transactions under the law applicable to that market.

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Source: https://www.legislation.gov.uk/eudr/2009/138/article/289 (the official version)
Page: https://openlegislation.uk/eu-directive-2009-138/article-289
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.