# Insolvency Act 1986, Paragraph 7: Companies that are party to market contracts or subject to market charges, etc


(1) A company is excluded from being eligible if it is a party to a market contract for the purposes of Part 7 of the Companies Act 1989 (see section 155 of that Act).
(2) A company is excluded from being eligible if any of its property is subject to a market charge for the purposes of Part 7 of the Companies Act 1989 (see section 173 of that Act).
(3) A company is excluded from being eligible if any of its property is subject to a charge that is a system-charge, within the meaning of the Financial Markets and Insolvency Regulations 1996 (S.I. 1996/1469) (see regulation 2 of those Regulations).

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Source: https://www.legislation.gov.uk/ukpga/1986/45/schedule/ZA1/paragraph/7 (the official version)
Page: https://openlegislation.uk/insolvency-act-1986/schedule-ZA1/paragraph-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.