# The Financial Markets and Insolvency (Ecu Contracts) Regulations 1998, Introduction: Introductory text


FINANCIAL SERVICES
Made 12th January 1998
Laid before Parliament 12th January 1998
Coming into force 2nd February 1998
Whereas 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
Whereas the Treasury and the Secretary of State have consulted the Bank of England before making these Regulations:
Now, 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—

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Source: https://www.legislation.gov.uk/uksi/1998/27/introduction (the official version)
Page: https://openlegislation.uk/financial-markets-and-insolvency-ecu-contracts-regulations-1998/introduction
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.