{
  "url": "https://openlegislation.uk/financial-markets-and-insolvency-settlement-finality-regulations-1999/regulation-21",
  "json_url": "https://openlegislation.uk/financial-markets-and-insolvency-settlement-finality-regulations-1999/regulation-21.json",
  "legislation": "uksi/1999/2979",
  "legislation_title": "The Financial Markets and Insolvency (Settlement Finality) Regulations 1999",
  "legislation_url": "https://openlegislation.uk/financial-markets-and-insolvency-settlement-finality-regulations-1999",
  "path": "regulation/21",
  "kind": "regulation",
  "number": "21",
  "heading": "Disapplication of certain provisions of Part VII and Part V",
  "text": "(1) The provisions of the Companies Act 1989 or the Companies (No. 2) (Northern Ireland) Order 1990 mentioned in paragraph (2) do not apply in relation to—\n(a) a market contract which is also a transfer order effected through a designated system; or\n(b) a market charge which is also a collateral security charge.\n(2) The provisions referred to in paragraph (1) are as follows—\n(a) section 163(4) to (6) and Article 86(3) to (5) (net sum payable on completion of default proceedings);\n(b) section 164(4) to (6) and Article 87(3) to (5) (disclaimer of property, rescission of contracts, &c); and\n(c) section 175(5) and (6) and Article 97(5) and (6) (administration orders, &c).",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in reg. 21(1) inserted (2.2.2006) by The Financial Markets and Insolvency (Settlement Finality) (Amendment) Regulations 2006 (S.I. 2006/50), regs. 1, 2(11)(b)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in reg. 21(2)(a) inserted (2.2.2006) by The Financial Markets and Insolvency (Settlement Finality) (Amendment) Regulations 2006 (S.I. 2006/50), regs. 1, 2(11)(c)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Words in reg. 21(2)(b) inserted (2.2.2006) by The Financial Markets and Insolvency (Settlement Finality) (Amendment) Regulations 2006 (S.I. 2006/50), regs. 1, 2(11)(d)"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "Words in reg. 21(2)(c) inserted (2.2.2006) by The Financial Markets and Insolvency (Settlement Finality) (Amendment) Regulations 2006 (S.I. 2006/50), regs. 1, 2(11)(e)"
    },
    {
      "type": "F",
      "label": "F5",
      "text": "Words in reg. 21 heading inserted (2.2.2006) by The Financial Markets and Insolvency (Settlement Finality) (Amendment) Regulations 2006 (S.I. 2006/50), regs. 1, 2(11)(a)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1999/2979/regulation/21",
    "retrieved_at": "2026-10-29T09:36:14.649792+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}