# The Financial Markets and Insolvency (Settlement Finality) Regulations 1999, Regulation 21: Disapplication of certain provisions of Part VII and Part V

Extent: E+W+S+N.I.

(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—
(a) a market contract which is also a transfer order effected through a designated system; or
(b) a market charge which is also a collateral security charge.
(2) The provisions referred to in paragraph (1) are as follows—
(a) section 163(4) to (6) and Article 86(3) to (5) (net sum payable on completion of default proceedings);
(b) section 164(4) to (6) and Article 87(3) to (5) (disclaimer of property, rescission of contracts, &c); and
(c) section 175(5) and (6) and Article 97(5) and (6) (administration orders, &c).

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Source: https://www.legislation.gov.uk/uksi/1999/2979/regulation/21 (the official version)
Page: https://openlegislation.uk/financial-markets-and-insolvency-settlement-finality-regulations-1999/regulation-21
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.