301 Supervision of certain contracts
301 Supervision of certain contracts

(1)     The Secretary of State and the Treasury, acting jointly, may by regulations provide for—

(a)     Part VII of the Companies Act 1989 (financial markets and insolvency), and

(b)     Part V of the Companies (No 2)(Northern Ireland) Order 1990,

to apply to relevant contracts as it applies to contracts connected with a recognised body.

(2)     “Relevant contracts” means contracts of a prescribed description in relation to which settlement arrangements are provided by a person for the time being included in a list (“the list”) maintained by [the Bank of England] for the purposes of this section.

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