{
  "url": "https://openlegislation.uk/financial-markets-and-insolvency-ecu-contracts-regulations-1998/introduction",
  "json_url": "https://openlegislation.uk/financial-markets-and-insolvency-ecu-contracts-regulations-1998/introduction.json",
  "legislation": "uksi/1998/27",
  "legislation_title": "The Financial Markets and Insolvency (Ecu Contracts) Regulations 1998",
  "legislation_url": "https://openlegislation.uk/financial-markets-and-insolvency-ecu-contracts-regulations-1998",
  "path": "introduction",
  "kind": "introduction",
  "number": null,
  "heading": "Introductory text",
  "text": "FINANCIAL SERVICES\nMade 12th January 1998\nLaid before Parliament 12th January 1998\nComing into force 2nd February 1998\nWhereas the Treasury and the Secretary of State are satisfied that, having regard to the extent to which contracts described in the definition of “money market contracts” substituted by these Regulations for the definition in the Financial Markets and Insolvency (Money Market) Regulations 1995 are of a kind dealt in by persons supervised by the Bank of England, it is appropriate that settlement arrangements in relation to those contracts should be subject to the supervision of the Bank of England, and\nWhereas the Treasury and the Secretary of State have consulted the Bank of England before making these Regulations:\nNow, therefore, the Treasury and the Secretary of State, in exercise of the powers vested in them jointly under sections 171, 176, 181, 185 and 186 of the Companies Act 1989 and of all other powers enabling them in that behalf, hereby make the following Regulations—",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "1989 c. 40. The powers originally vested in the Secretary of State under sections 171, 176, 181, 185 and 186 of the Companies Act 1989 are now exercisable by her jointly with the Treasury—see the Transfer of Functions (Financial Services) Order 1992 (S.I. 1992/1315)."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1998/27/introduction",
    "retrieved_at": "2026-10-29T11:39:31.147658+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."
}