{
  "url": "https://openlegislation.uk/financial-markets-and-insolvency-regulations-1996",
  "json_url": "https://openlegislation.uk/financial-markets-and-insolvency-regulations-1996.json",
  "id": "uksi/1996/1469",
  "title": "The Financial Markets and Insolvency Regulations 1996",
  "short_title": "Financial Markets and Insolvency 1996",
  "long_title": "The Regulations apply with modifications certain provisions of Part VII of the Companies Act 1989 (c. 40) (“Part VII”) to certain charges (and to property subject to those charges) granted in favour of those who undertake assured payment obligations in connection with the settlement of transactions through a relevant system in respect of which an Operator has been approved under the Uncertificated Securities Regulations 1995 (S.I. 1995/3272). The provisions applied are ones which modify the way in which the charges in question are treated in the event of an administration or certain kinds of receivership under the Insolvency Act 1986 (c. 45) and ones which modify the way in which rights of persons other than the chargee may be exercised in relation to property subject to those charges.",
  "citation": "S.I. 1996/1469",
  "type": "uksi",
  "year": "1996",
  "number": "1469",
  "version": "current",
  "date": "1996-06-05",
  "revised": false,
  "valid_from": null,
  "extent": null,
  "unapplied_effects": 23,
  "provisions": [
    {
      "path": "introduction",
      "kind": "introduction",
      "number": null,
      "heading": "Introductory text",
      "url": "https://openlegislation.uk/financial-markets-and-insolvency-regulations-1996/introduction",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "part/I",
      "kind": "part",
      "number": "I",
      "heading": "GENERAL",
      "url": null,
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/1",
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      "heading": "Citation and commencement",
      "url": "https://openlegislation.uk/financial-markets-and-insolvency-regulations-1996/regulation-1",
      "extent": null,
      "status": null,
      "parent": "part/I"
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    {
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      "number": "2",
      "heading": "Interpretation",
      "url": "https://openlegislation.uk/financial-markets-and-insolvency-regulations-1996/regulation-2",
      "extent": null,
      "status": null,
      "parent": "part/I"
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    {
      "path": "part/II",
      "kind": "part",
      "number": "II",
      "heading": "SYSTEM-CHARGES",
      "url": null,
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/3",
      "kind": "regulation",
      "number": "3",
      "heading": "Application of Part VII of the Act in relation to system-charges",
      "url": "https://openlegislation.uk/financial-markets-and-insolvency-regulations-1996/regulation-3",
      "extent": null,
      "status": null,
      "parent": "part/II"
    },
    {
      "path": "regulation/4",
      "kind": "regulation",
      "number": "4",
      "heading": "Circumstances in which Part VII applies in relation to system-charge",
      "url": "https://openlegislation.uk/financial-markets-and-insolvency-regulations-1996/regulation-4",
      "extent": null,
      "status": null,
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      "path": "regulation/5",
      "kind": "regulation",
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      "heading": "Extent to which Part VII applies to a system-charge",
      "url": "https://openlegislation.uk/financial-markets-and-insolvency-regulations-1996/regulation-5",
      "extent": null,
      "status": null,
      "parent": "part/II"
    },
    {
      "path": "regulation/6",
      "kind": "regulation",
      "number": "6",
      "heading": "Limitation on disapplication of sections 10(1)(b) and 11(3)(c) of Insolvency Act 1986 in relation to system-charges",
      "url": "https://openlegislation.uk/financial-markets-and-insolvency-regulations-1996/regulation-6",
      "extent": null,
      "status": null,
      "parent": "part/II"
    },
    {
      "path": "regulation/7",
      "kind": "regulation",
      "number": "7",
      "heading": "Limitation on disapplication of sections 10(1)(b) and 11(3)(c) of Insolvency Act 1986 in relation to system-charges granted by a system-beneficiary",
      "url": "https://openlegislation.uk/financial-markets-and-insolvency-regulations-1996/regulation-7",
      "extent": null,
      "status": null,
      "parent": "part/II"
    },
    {
      "path": "regulation/8",
      "kind": "regulation",
      "number": "8",
      "heading": "Ability of administrator or receiver to recover assets in case of property subject to system-charge",
      "url": "https://openlegislation.uk/financial-markets-and-insolvency-regulations-1996/regulation-8",
      "extent": null,
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      "parent": "part/II"
    },
    {
      "path": "part/III",
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      "number": "III",
      "heading": "MARKET CONTRACTS",
      "url": null,
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    },
    {
      "path": "regulation/9",
      "kind": "regulation",
      "number": "9",
      "heading": "Amendments to section 156 of the Act",
      "url": "https://openlegislation.uk/financial-markets-and-insolvency-regulations-1996/regulation-9",
      "extent": null,
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      "path": "signature",
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      "heading": "Signature",
      "url": "https://openlegislation.uk/financial-markets-and-insolvency-regulations-1996/signature",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "note",
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      "number": null,
      "heading": "Explanatory note",
      "url": "https://openlegislation.uk/financial-markets-and-insolvency-regulations-1996/note",
      "extent": null,
      "status": null,
      "parent": null
    }
  ],
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    "retrieved_at": "2026-10-29T12:42:30.916911+00:00"
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  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
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}