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ARTICLE · 11 APRIL 2011

A Tweak Here, a Tweak There: Important Changes to the Financial Collateral Arrangements Regulations

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Changes to the Financial Collateral Arrangements (No. 2) Regulations 2003 (the "Regulations"), designed to enhance the efficacy of the taking and enforcement of financial collateral, came into effect on Wednesday (6 April 2011).

United KingdomFinance and Banking
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Originally published April 8, 2011

Article by Ian McDonald , Ashely Katz , Devi Shah , Stephen Walsh , Kristy Zander and Jennifer Fox

Keywords: financial collateral arrangements, regulations, enforcement, financial collateral, European directives

Changes to the Financial Collateral Arrangements (No. 2) Regulations 2003 (the "Regulations"), designed to enhance the efficacy of the taking and enforcement of financial collateral, came into effect on Wednesday (6 April 2011). Whilst the key changes outlined below go some way in resolving the current limitations of the Regulations, uncertainty is likely to persist in relation to their application to floating charges.

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