# The Financial Markets and Insolvency Regulations 1991, Regulation 12: Circumstances in which CGO Service charge to be treated as market charge

Extent: E+W+S

A CGO Service charge shall be treated as a market charge only if—
(a) it is granted to a settlement bank by a person for the purpose of securing debts or liabilities of the kind mentioned in section 173(1)(c) of the Act incurred by that person through his use of the CGO Service as a CGO Service member; and
(b) it contains provisions which refer expressly to the CGO Service.

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Source: https://www.legislation.gov.uk/uksi/1991/880/regulation/12 (the official version)
Page: https://openlegislation.uk/financial-markets-and-insolvency-regulations-1991/regulation-12
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.