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Clifford Chance

Clifford Chance


Indirect clearing – Part VII amended just in time for 3 January indirect clearing changes

21 February 2018

Amidst the mass of legislation before Parliament at the end of 2017 and a pre-MiFID 2 rush, one technical legislative amendment was passed with particular relevance to the legal certainty of the financial market clearing infrastructure in the UK. Part VII of the Companies Act 1989 operates so as to protect certain arrangements from insolvency challenge under English law.

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