Statutory Instrument 1992 No. 716

The Financial Markets and Insolvency (Amendment) Regulations 1992

---

© Crown Copyright 1992

The legislation contained on this web site is subject to Crown Copyright protection. It may be reproduced free of charge provided that it is reproduced accurately and that the source and copyright status of the material is made evident to users.

It should be noted that the right to reproduce the text of Statutory Instruments does not extend to the Royal Arms and the Queen's Printer imprints.

The text of this Internet version of the Statutory Instrument has been prepared to reflect the text as it was Made. The authoritative version is the Queen's Printer copy published by The Stationery Office Limited as the The Financial Markets and Insolvency (Amendment) Regulations 1992, ISBN 0110237161. Purchase this item. For details of how to obtain an official copy see How to obtain The Stationery Office Limited titles.

To ensure fast access over slow connections, large documents have been segmented into "chunks". Where you see a "continue" button at the bottom of the page of text, this indicates that there is another chunk of text available.

1992 No. 716

FINANCIAL SERVICES

The Financial Markets and Insolvency (Amendment) Regulations 1992

The Secretary of State, in exercise of his powers under section 187(3) of the Companies Act 1989^[1], hereby makes the following Regulations:

    1.    These Regulations may be cited as the Financial Markets and Insolvency (Amendment) Regulations 1992 and shall come into force on 1st May 1992.

    2.    In Regulation 16(1)(a)(ii) of the Financial Markets and Insolvency Regulations 1991^[2], for the reference to the Financial Services (Clients' Money) Regulations 1987^[3] there shall be substituted a reference to the Financial Services (Client Money) Regulations 1991^[4].

John Redwood

Minister of State, Department of Trade and Industry

11th March 1992

The Regulations amend the Financial Markets and Insolvency Regulations 1991 to bring up to date the reference to Clients' Money regulations. This does not result in any material change to the arrangements. Regulation 16 of the Financial Markets and Insolvency Regulations 1991 makes provision as to the circumstances in which certain contracts effected by a member or designated non-member of a recognised investment exchange or by a member of a recognised clearing house as principal are to be treated as having been effected in a different capacity from other contracts he has effected as principal.

[1] 1989 c. 40. back

[2] S.I. 1991/880. back

[3] Regulations made by the Securities and Investments Board under section 55 of the Financial Services Act 1986 (c. 60.) and issued (with amendments) in the Board's release No. 54. back

[4] Regulations made by the Securities and Investments Board under section 55 of the Financial Services Act 1986 and issued in the Board's release No. 104. back