{
  "url": "https://openlegislation.uk/financial-markets-and-insolvency-regulations-1991",
  "json_url": "https://openlegislation.uk/financial-markets-and-insolvency-regulations-1991.json",
  "id": "uksi/1991/880",
  "title": "The Financial Markets and Insolvency Regulations 1991",
  "short_title": "Financial Markets and Insolvency 1991",
  "long_title": "The regulations make various amendments and modifications to the provisions of Part VII of the Companies Act 1989 (“the Act”) which concerns the effects of insolvency law, and the enforcement of certain rights and remedies, on the operation of certain financial markets. One effect of Part VII of the Act is to modify the way in which insolvency law applies in relation to certain contracts defined as “market contracts”. Regulation 3 of the regulations amends the definition of “market contracts” for the purposes of Part VII. Regulations 4 and 5 make provision concerning the exercise of voting rights at meetings of creditors and the ranking, in insolvency, of expenses incurred by insolvency officeholders in providing assistance under the Part. Regulation 6 restricts the circumstances in which an overseas investment exchange or clearing house recognised under the Financial Services Act 1986 (c. 60) is obliged to make a report under section 162 of the Act.",
  "citation": "S.I. 1991/880",
  "type": "uksi",
  "year": "1991",
  "number": "880",
  "version": "current",
  "date": "1991-03-27",
  "revised": true,
  "valid_from": "2024-01-04",
  "extent": "E+W+S",
  "unapplied_effects": 0,
  "provisions": [
    {
      "path": "introduction",
      "kind": "introduction",
      "number": null,
      "heading": "Introductory text",
      "url": "https://openlegislation.uk/financial-markets-and-insolvency-regulations-1991/introduction",
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      "status": null,
      "parent": null
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      "heading": "GENERAL",
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      "status": null,
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      "parent": "part/I"
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      "parent": "part/I"
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    {
      "path": "part/II",
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      "number": "II",
      "heading": "FURTHER PROVISION AS TO MARKET CONTRACTS",
      "url": null,
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    {
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      "path": "part/III",
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      "heading": "INSOLVENCY PROCEEDINGS",
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      "status": null,
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    {
      "path": "regulation/4",
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      "heading": "Voting at meetings of creditors",
      "url": "https://openlegislation.uk/financial-markets-and-insolvency-regulations-1991/regulation-4",
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    {
      "path": "regulation/5",
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      "heading": "Ranking of expenses of relevant office-holder",
      "url": "https://openlegislation.uk/financial-markets-and-insolvency-regulations-1991/regulation-5",
      "extent": "E+W+S",
      "status": null,
      "parent": "part/III"
    },
    {
      "path": "part/IV",
      "kind": "part",
      "number": "IV",
      "heading": "REPORTS BY RECOGNISED OVERSEAS INVESTMENT EXCHANGE OR CLEARING HOUSE",
      "url": null,
      "extent": "E+W+S",
      "status": null,
      "parent": null
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    {
      "path": "regulation/6",
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      "number": "6",
      "heading": "Duty of recognised overseas investment exchange or clearing house to report on completion of default proceedings",
      "url": "https://openlegislation.uk/financial-markets-and-insolvency-regulations-1991/regulation-6",
      "extent": "E+W+S",
      "status": null,
      "parent": "part/IV"
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    {
      "path": "part/V",
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      "number": "V",
      "heading": "MARKET CHARGES",
      "url": null,
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      "path": "regulation/8",
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      "number": "8",
      "heading": "Charges on land or any interest in land not to be treated as market charges",
      "url": "https://openlegislation.uk/financial-markets-and-insolvency-regulations-1991/regulation-8",
      "extent": "E+W+S",
      "status": null,
      "parent": "part/V"
    },
    {
      "path": "regulation/9",
      "kind": "regulation",
      "number": "9",
      "heading": "Amendments to section 173 of Act concerning certain charges granted in favour of The Stock Exchange and certain charges securing debts and liabilities arising in connection with allotment of specified securities",
      "url": "https://openlegislation.uk/financial-markets-and-insolvency-regulations-1991/regulation-9",
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      "path": "regulation/10",
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      "number": "10",
      "heading": "Extent to which charge granted in favour of recognised investment exchange to be treated as market charge",
      "url": "https://openlegislation.uk/financial-markets-and-insolvency-regulations-1991/regulation-10",
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      "heading": "Extent to which charge granted in favour of recognised clearing house to be treated as market charge",
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    {
      "path": "regulation/11A",
      "kind": "regulation",
      "number": "11A",
      "heading": "Extent to which charge granted in favour of recognised CSD to be treated as market charge",
      "url": "https://openlegislation.uk/financial-markets-and-insolvency-regulations-1991/regulation-11A",
      "extent": null,
      "status": null,
      "parent": "part/V"
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    {
      "path": "regulation/12",
      "kind": "regulation",
      "number": "12",
      "heading": "Circumstances in which CGO Service charge to be treated as market charge",
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    {
      "path": "regulation/13",
      "kind": "regulation",
      "number": "13",
      "heading": "Extent to which CGO Service charge to be treated as market charge",
      "url": "https://openlegislation.uk/financial-markets-and-insolvency-regulations-1991/regulation-13",
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      "status": null,
      "parent": "part/V"
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    {
      "path": "regulation/14",
      "kind": "regulation",
      "number": "14",
      "heading": "Limitation on disapplication of moratorium on certain legal processes under Schedule B1 to the Insolvency Act 1986 (administration) in relation to CGO Service charges",
      "url": "https://openlegislation.uk/financial-markets-and-insolvency-regulations-1991/regulation-14",
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      "status": null,
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    },
    {
      "path": "regulation/15",
      "kind": "regulation",
      "number": "15",
      "heading": "Ability of administrator or receiver to recover assets in case of property subject to CGO Service charge or Talisman charge",
      "url": "https://openlegislation.uk/financial-markets-and-insolvency-regulations-1991/regulation-15",
      "extent": "E+W+S",
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    {
      "path": "part/VI",
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      "number": "VI",
      "heading": "CONSTRUCTION OF REFERENCES TO PARTIES TO MARKET CONTRACTS",
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      "number": "16",
      "heading": "Circumstances in which member or designated non-member dealing as principal to be treated as acting in different capacities",
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      "number": "19",
      "heading": "Court having jurisdiction in respect of proceedings under Part VII of Act",
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  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
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