[155A Qualifying collateral arrangements and qualifying property transfers]
Companies Act 1989 (1989 c 40) | Legislation

[155A  Qualifying collateral arrangements and qualifying property transfers]

[(1)     In this Part—

(a)     “qualifying collateral arrangements” means the contracts and contractual obligations to which this Part applies by virtue of subsection (2); and

(b)     “qualifying property transfers” means the property transfers to which this Part applies by virtue of subsection (4).

(2)     In relation to transactions which are cleared through a recognised central counterparty, this Part applies to any contracts or contractual obligations for, or arising out of, the provision of property as margin where—

(a)     the margin is provided to a recognised central counterparty and is recorded in the accounts of the recognised central counterparty as an

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