The Financial Markets and Insolvency (Money Market) Regulations 1995
The regulations apply the provisions of Part VII of the Companies Act 1989 (“the 1989 Act”), with modifications, to certain aspects of the settlement arrangements in relation to the money markets provided by persons admitted to a list maintained by the Bank of England under section 171 of the 1989 Act. Part VII of the 1989 Act is concerned with the relationship between insolvency law and the default proceedings of certain financial markets. The regulations also make provision to facilitate the supervision by the Bank of England of persons it has admitted to the list.