Section 41(4)

In section 255 (regulations about financial collateral arrangements)— in subsection (3)(b) omit “or purported to be done”, omit subsection (5), and after that subsection insert— Regulations under this section are to be made by statutory instrument. A statutory instrument containing regulations under this section may not be made unless a draft of the instrument has been laid before and approved by a resolution of each House of Parliament. Section 41 of the Financial Services Act 2021 makes further provision in relation to the Financial Collateral Arrangements (No. 2) Regulations 2003 (S.I. 2003/3226).

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