{
  "url": "https://openlegislation.uk/financial-collateral-arrangements-no2-regulations-2003/regulation-18A",
  "json_url": "https://openlegislation.uk/financial-collateral-arrangements-no2-regulations-2003/regulation-18A.json",
  "legislation": "uksi/2003/3226",
  "legislation_title": "The Financial Collateral Arrangements (No.2) Regulations 2003",
  "legislation_url": "https://openlegislation.uk/financial-collateral-arrangements-no2-regulations-2003",
  "path": "regulation/18A",
  "kind": "regulation",
  "number": "18A",
  "heading": "Restrictions on enforcement of financial collateral arrangements, etc.",
  "text": "(1) Nothing in regulations 16 and 17 prevents the Bank of England imposing a restriction—\n(a) on the enforcement of financial collateral arrangements, or\n(b) on the effect of a security financial collateral arrangement, close out netting provision or set-off arrangement,\nin the exercise of its powers under Part 1 of the Banking Act 2009 or under Schedule 11 to the Financial Services and Markets Act 2023.\n(2) For the purpose of paragraph (1) “set-off arrangement” means an arrangement under which two or more debts, claims or obligations can be set off against each other.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Reg. 18A inserted (10.1.2015) by The Bank Recovery and Resolution (No. 2) Order 2014 (S.I. 2014/3348), art. 1(2), Sch. 3 para. 9(4)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in reg. 18A(1) inserted (31.12.2023) by The Resolution of Central Counterparties (Modified Application of Corporate Law and Consequential Amendments) Regulations 2023 (S.I. 2023/1313), regs. 1(2), 16(4)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Words in reg. 18A(2) substituted (31.12.2020) by The Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/341), regs. 1(3), 12(4) (with reg. 21) (as amended by S.I. 2020/1301, regs. 1, 3, Sch. para. 23(b) and with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2003/3226/regulation/18A",
    "retrieved_at": "2026-10-29T05:37:07.055603+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."
}