Schedule 17A, Part 3, paragraph 34(8)
FSMA 2000
Financial Services and Markets Act 2000 · United Kingdom
Arranging for the giving of notice in order to satisfy Condition 1 can be a step with a view to minimising the potential loss to a recognised clearing house's or a recognised CSD’s creditors for the purpose of section 214 of the Insolvency Act 1986 (wrongful trading).
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Source: legislation.gov.uk · retrieved 2026-09-04