[71J Guarantees and securities: unauthorised participants]

[71J  Guarantees and securities: unauthorised participants]

[(1)     This section applies if—

(a)     a registered party and another person (A) enter into a transaction of a description mentioned in section 71F(4)(a),

(b)     A is party to a regulated transaction of a description mentioned in section 71F(4)(b) (“the connected transaction”) with another person (B), and

(c)     B is not an authorised participant.

(2)     Section 71I(2) to (5) applies to the transaction mentioned in subsection (1)(a).

(3)     The connected transaction is void.

(4)     Subsection (5) applies if (but

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