# The Financial Markets and Insolvency (Settlement Finality) Regulations 1999, Regulation 22: Notification of insolvency order or passing of resolution for creditors' voluntary winding up


(1) Upon the making of an order for bankruptcy, sequestration, administration or winding up in respect of a participant in a designated system, the court shall forthwith notify both the system operator of that designated system and the designating authority that such an order has been made.
(2) Following receipt of—
(a) such notification from the court, or
(b) notification from a participant of the passing of a creditors' voluntary winding-up resolution or of a trust deed becoming a protected trust deed, or the appointment of an administrator taking effect pursuant to paragraph 5(4) of the Schedule,
the designating authority shall forthwith inform the Treasury ... of the notification.
(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Source: https://www.legislation.gov.uk/uksi/1999/2979/regulation/22 (the official version)
Page: https://openlegislation.uk/financial-markets-and-insolvency-settlement-finality-regulations-1999/regulation-22
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.