Section 234(6)

Investment bank insolvency regulations may include provision— establishing a mechanism for determining which assets are client assets (subject to section 232); establishing a mechanism for determining that assets are to be, or not to be, treated as client assets (subject to section 232); about the treatment of client assets; about the treatment of unsettled transactions (and related collateral); for the transfer to another financial institution of assets or transactions; for the creation or enforcement of rights (including rights that take preference over creditors' rights) in respect of client assets or other assets; indemnifying a person who is exercising or purporting to exercise functions under or by virtue of the regulations; for recovery of assets transferred in error.

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