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The Financial Markets and Insolvency (Amendment) Regulations 1992

S.I. 1992/716 · Made 11 March 1992

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

FINANCIAL SERVICES

Made 11th March 1992

Laid before Parliament 12th March 1992

Coming into force 1st May 1992

The Secretary of State, in exercise of his powers under section 187(3) of the Companies Act 1989f1, hereby makes the following Regulations:

Annotations to the whole text

Footnotes

f1

1989 c. 40.

Contents

  1. 1Regulation 1
  2. 2Regulation 2
  3. Signature
  4. Explanatory note

1

These Regulations may be cited as the Financial Markets and Insolvency (Amendment) Regulations 1992 and shall come into force on 1st May 1992.

2

In Regulation 16(1)(a)(ii) of the Financial Markets and Insolvency Regulations 1991f1, for the reference to the Financial Services (Clients' Money) Regulations 1987f2 there shall be substituted a reference to the Financial Services (Client Money) Regulations 1991f3.

Signature

John Redwood

Minister of State,

Department of Trade and Industry

11th March 1992

Explanatory note

(This note is not part of the Regulations)

The Regulations amend the Financial Markets and Insolvency Regulations 1991 to bring up to date the reference to Clients' Money regulations. This does not result in any material change to the arrangements. Regulation 16 of the Financial Markets and Insolvency Regulations 1991 makes provision as to the circumstances in which certain contracts effected by a member or designated non-member of a recognised investment exchange or by a member of a recognised clearing house as principal are to be treated as having been effected in a different capacity from other contracts he has effected as principal.