FMLC: Letter to HM Treasury. Further FMLC submission on the implementation of EU Directive 2009/44/EC on settlement finality and financial collateral arrangements

Financial Markets Law Committee

April 12, 2011

The Financial Markets Law Committee (FMLC) have submitted a further submission to HM Treasury on the implementation of the EU Directive 2009/44/EC on settlement finality and financial collateral arrangements.

The letter further explores issues of whether floating charges which are "collateral security charges" within the meaning of the 1999 Regulations should be brought within the 2003 Regulations.