# The Financial Services Act 2012 (Transitional Provisions) (Miscellaneous Provisions) Order 2013, Article 66: Duty to report on completion of default proceedings


(1) Paragraph (2) applies if, before the commencement date—
(a) the Authority gave notice to a recognised overseas clearing house under section 162(1A) of the Companies Act 1989 (duty to report on completion of default proceedings); and
(b) a report in respect of a proceeding was not provided to the Authority in accordance with section 162(1) of that Act.
(2) The report is to be provided to the Bank of England.
(3) Paragraph (4) applies if, before the commencement date—
(a) a recognised clearing house was under an obligation to report on a proceeding to the Authority in accordance with section 162 of the Companies Act 1989, and
(b) the recognised clearing house did not report to the Authority on the proceeding.
(4) The recognised clearing house must report to the Bank of England on the proceeding.
(5) Paragraph (6) applies if, before the commencement date, the Authority—
(a) received a report from a recognised clearing house in accordance with section 162 of the Companies Act 1989; and
(b) had not published notice of that fact in accordance with subsection (4) of that section.
(6) The Bank of England must publish notice of that fact in accordance with that subsection (4).

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Source: https://www.legislation.gov.uk/uksi/2013/442/article/66 (the official version)
Page: https://openlegislation.uk/financial-services-act-2012-transitional-provisions-miscellaneous-provisions-order-2013/article-66
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.