Section 72F: Fifth exception: financial market

Insolvency Act 1986 · 1986 c. 45View on legislation.gov.uk

Part III: Receivership — CHAPTER IV: PROHIBITION OF APPOINTMENT OF ADMINISTRATIVE RECEIVER

Section 72A does not prevent the appointment of an administrative receiver of a company by virtue of—

a market charge within the meaning of section 173 of the Companies Act 1989 (c. 40),
a system-charge within the meaning of the Financial Markets and Insolvency Regulations 1996 (S.I. 1996/1469),
a collateral security charge within the meaning of the Financial Markets and Insolvency (Settlement Finality) Regulations 1999 (S.I. 1999/2979).

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