# The Regulated Covered Bonds Regulations 2008, Paragraph 1: Modification of the Companies Act 1985


Section 196 (payment of debts out of assets subject to floating charge (England and Wales)) of the Companies Act 1985 shall not apply to an owner.

---
Source: https://www.legislation.gov.uk/uksi/2008/346/schedule/paragraph/1 (the official version)
Page: https://openlegislation.uk/regulated-covered-bonds-regulations-2008/schedule/paragraph-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.