Source: http://www.legislation.gov.uk/cy/nisi/1990/1504/part/V
Timestamp: 2019-09-21 03:57:41
Document Index: 96848052

Matched Legal Cases: ['Art. 97', 'art. 2', 'art. 97', 'art. 2', 'Art. 97', 'art. 2', 'art. 98', 'Art. 98', 'art. 104']

The Companies (No. 2) (Northern Ireland) Order 1990, PART V yn gyfredol gyda’r holl newidiadau y gwyddys eu bod mewn grym ar neu cyn 21 Medi 2019. Mae newidiadau a all gael eu dwyn i rym yn y dyfodol. Changes that have been made appear in the content and are referenced with annotations.
97.—[F17(1) The following provisions of Schedule B1 to the Insolvency Order (administration) do not apply in relation to a market charge—
(2) However, where a market charge falls to be enforced after[F18the occurrence of an event to which paragraph (2A) applies], and there exists another charge over some or all of the same property ranking in priority to or pari passu with the market charge,[F19 on the application of any person interested] the court may order that there shall be taken after enforcement of the market charge such steps as the court may direct for the purpose of ensuring that the chargee under the other charge is not prejudiced by the enforcement of the market charge.
[F20(2A) This paragraph applies to—
F17Art. 97(1)(1A) substituted (27.3.2006) by Insolvency (Northern Ireland) Order 2005 (S.I. 2005/1455 (N.I. 10)), arts. 1(3), 3(3), Sch. 2 para. 52(2); S.R. 2006/21, art. 2 (with transitional provisions and savings in S.R. 2006/22, arts. 2-7)
F18Words in art. 97(2) substituted (27.3.2006) by Insolvency (Northern Ireland) Order 2005 (S.I. 2005/1455 (N.I. 10)), arts. 1(3), 3(3), Sch. 2 para. 52(3); S.R. 2006/21, art. 2 (with transitional provisions and savings in S.R. 2006/22, arts. 2-7)
F19SR 1991/443
F20Art. 97(2A) inserted (27.3.2006) by Insolvency (Northern Ireland) Order 2005 (S.I. 2005/1455 (N.I. 10)), arts. 1(3), 3(3), Sch. 2 para. 52(4); S.R. 2006/21, art. 2 (with transitional provisions and savings in S.R. 2006/22, arts. 2-7)
(a)a body approved by the Secretary of State under section 170 of the Companies Act 1989F21 (certain overseas exchanges and clearing houses),
(b)a person included in the list maintained by theF22[F23. . . Authority] for the purposes of[F22 section 301 of the Financial Services and Markets Act 2000] of that Act (certain money market institutions),
[F23(6) Before making regulations under this Article relating to a description of charges defined by reference to their being granted in favour of a person included in the list maintained by the F22 . . . Authority for the purposes of [F22 section 301 of the Financial Services and Markets Act 2000 ] of the Companies Act 1989, or in connection with exchange facilities or clearing services provided by a person included in that list, the department shall consult the Treasury, the Authority and the Bank of England.
(e)sending dematerialised instructions; F24...
[F25(ea) managing a UCITS ;
F211989 c. 40
F231998 c. 11
F24Word in art. 98(8) omitted (22.7.2013) by virtue of The Alternative Investment Fund Managers Regulations 2013 (S.I. 2013/1773), reg. 1, Sch. 2 para. 3
F25Art. 98(8)(ea)-(ed) inserted (22.7.2013) by The Alternative Investment Fund Managers Regulations 2013 (S.I. 2013/1773), reg. 1, Sch. 2 para. 3
(a)Article 92,F26. . . or 94 (power to extend provisions relating to market contracts), or
104.—(1) The references to insolvency law in section 426 of the Insolvency Act 1986F27 (co-operation with courts exercising insolvency jurisdiction in other jurisdictions) include, in relation to a part of the United Kingdom, the provisions made by or under this Part and, in relation to a relevant country or territory within the meaning of that section, so much of the law of that country or territory as corresponds to any provisions made by or under this Part.
(3) Paragraph (2) does not affect the recognition or enforcement of a judgment required to be recognised or enforced under or by virtue of the Civil Jurisdiction and Judgments Act 1982[F28 or [F29Regulation (EU) No. 1215/2012 of the European Parliament and of the Council of 12 December 2012 on jurisdiction and the recognition and enforcement of judgments in civil and commercial matters (recast), as amended from time to time and as applied by virtue of the Agreement made on 19 October 2005 between the European Community and the Kingdom of Denmark on jurisdiction and the recognition and enforcement of judgments in civil and commercial matters]].
F271989 c. 40
F28SI 2001/3929
F29Words in art. 104(3) substituted (10.1.2015) by The Civil Jurisdiction and Judgments (Amendment) Regulations 2014 (S.I. 2014/2947), reg. 1, Sch. 4 para. 3 (with reg. 6)
(5) No person[F30 to whom the exercise of any function of a recognised investment exchange or recognised clearing house is delegated under its default rules]), nor any officer or servant of such a person, shall be liable in damages for anything done or omitted in the discharge or purported discharge of those functions unless the act or omission is shown to have been in bad faith.
F30SI 2001/3649
[F31(4) References in paragraph (2) to the provisions of this Part include any provision made under section 301 of the Financial Services and Markets Act 2000.]
(3) Regulations made by the Secretary of State under this Part shall be subject to annulment in pursuance of a resolution of either House of Parliament in like manner as a statutory instrument and section 5 of the Statutory Instruments Act 1946F32 shall apply accordingly.
F321986 c. 53
[F33“the Authority” means the Financial Services Authority;]
[F33“recognised clearing house” and “recoginised investment exchange” have the same meaning as in the Financial Services and Markets Act 2000;]
[F33“The Stock Exchange” means the London Stock Exchange Limited;]
(6) References in this Part to the law of insolvency include references to every provision made by or under the Insolvency Order, and in relation to a building society references to insolvency law or to any provision of the Insolvency Order are to that law or provision as modified by the Building Societies Act 1986F34.
F33SI 2001/3649
F341986 c. 53
[F35the Authority] [F35Article 111(1)]
[F35recognised clearing house and recognised investment exchange] [F35Article 111(1)]