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Schedule 2A, Part 6, paragraph 53(5)

FSMA 2000

If, while a requirement described in sub-paragraph (1)(b) is in force, G creates a charge over any assets of G held in accordance with the requirement, the charge is (to the extent that it confers security over the assets) void against the liquidator and G's creditors.

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Source: legislation.gov.uk · retrieved 2026-09-04