# The Financial Markets and Insolvency Regulations 1991, Regulation 17: Restriction of paragraph 2 of Schedule 21 to Act

Extent: E+W+S

In Schedule 21 to the Act (additional requirements for recognition) the following new sub-paragraph shall be added at the end of paragraph 2—
“(4) The reference in sub-paragraph (1) to rights and liabilities between those party as principal to unsettled market contracts does not include rights and liabilities—
(a) in respect of margin; or
(b) arising out of a failure to perform a market contract.”.

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Source: https://www.legislation.gov.uk/uksi/1991/880/regulation/17 (the official version)
Page: https://openlegislation.uk/financial-markets-and-insolvency-regulations-1991/regulation-17
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.