# Insolvency Act 1986, Paragraph 8: Participants in designated systems


A company is excluded from being eligible if—
(a) it is a participant in a designated system, within the meaning of the Financial Markets and Insolvency (Settlement Finality) Regulations 1999 (S.I. 1999/2979) (see regulation 2 of those Regulations), or
(b) any of its property is subject to a collateral security charge within the meaning of those Regulations (see regulation 2 of those Regulations).

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Source: https://www.legislation.gov.uk/ukpga/1986/45/schedule/ZA1/paragraph/8 (the official version)
Page: https://openlegislation.uk/insolvency-act-1986/schedule-ZA1/paragraph-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.