[A27 Prohibition on entering into market contracts etc]
[A27 Prohibition on entering into market contracts etc]

[(1)     If a company enters into a transaction to which this section applies during a moratorium for the company—

(a)     the company commits an offence, and

(b)     any officer of the company who without reasonable excuse authorised or permitted the company to enter into the transaction commits an offence.

(2)     A company enters into a transaction to which this section applies if it—

(a)     enters into a market contract,

(b)     enters into a financial collateral arrangement,

(c)     gives a transfer order,

(d)     grants a market charge or a system-charge, or

(e)     provides any collateral security.

(3)     Where during the moratorium a company enters into a

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