Examples of Settlement Finality Regulations in a sentence
The term "Approved Financial Institution" means a credit institution, bank, trust company or other institution which is an “institution” as defined in the Settlement Finality Regulations and which has been designated as an approved financial institution by the Clearing House.
The term "Approved Financial Institution" means a credit institution, bank, trust company or other institution which is an “"institution”" as defined in the Settlement Finality Regulations and which has been designated as an approved financial institution by the Clearing House.
To ensure the continuation of UK settlement finality protections after the UK’s exit from the European Union, The Financial Markets and Insolvency (Settlement Finality) Regulations 1999 were amended by The Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019 No. 341).
In these Settlement Finality Regulations, S.I. 1999 No. 2979 as amended by S.I. 2019 No. 341 are referred to as the "SF Regulations".
In the interests ofconsistency, consideration should also be given to exempting:• 'market charges' within the meaning of Part VII of the Companies Act 198957• 'collateral security charges' within the meaning of the Financial Markets and Insolvency (Settlement Finality) Regulations 199958 53Moreover, since floating charges cover future assets, a charge would be intended to cover future Scottish assets unless specifically excluded from the charging deed.
UK law applies in relation to EUI in its capacity as a CSD, recognised payment system, operator of a relevant system for registration of dematerialised securities and as a system operator of a designated system, applicable provisions (as amended) include the Financial Services and Markets Xxx 0000 (FSMA), the UK CSDR, the Uncertificated Securities Regulations 2001, the Banking Xxx 0000 and the Financial Markets and Insolvency (Settlement Finality) Regulations 1999.
The provisions of the Settlement Finality Regulations in relation to timing of insolvency and validity of the payment and any position transfers would apply.
Separately from the changes made in respect to the UK withdrawal from the EU, the definition of “Securities System Operator” in paragraph 1.12 of the LCH Settlement Finality Regulations has been modified to remove Clearstream Frankfurt, as LCH is ceasing using it as a settlement location.
Capitalised terms used, but not otherwise defined, in this Notice shall have the meanings set forth in the Clearing House’s Regulations, Procedures, Default Rules, and Settlement Finality Regulations, each as amended from time to time (collectively, the “Rulebook”).
The changes are fully explained in the document Rulebook Matrix which is attached at Appendix A-1: LCH.Clearnet Limited General Regulations at Appendix A-2; Settlement Finality Regulations at Appendix A-3.