173 Market charges
Companies Act 1989 (1989 c 40) | Legislation

Market charges

173  Market charges

(1)     In this Part “market charge” means a charge, whether fixed or floating, granted—

(a)     in favour of a recognised investment exchange, for the purpose of securing debts or liabilities arising in connection with the settlement of market contracts,

[(aa)     in favour of The Stock Exchange, for the purpose of securing debts or liabilities arising in connection with short term certificates;]

(b)     in favour of a recognised clearing house, for the purpose of securing debts or liabilities arising in connection with their ensuring the performance of market contracts, . . .

[(ba)     in favour of a recognised CSD, for the purpose of securing debts or liabilities arising in connection with their ensuring

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