A tentative step forward - amendments to the Financial Collateral Arrangements Regulations
Corporate Rescue & Recovery
- Amendments to the Financial Collateral Arrangements Regulations came into effect in England on
6 April 2011.
- The Regulations ease formalities and aid enforcement for qualifying arrangements by which
financial collateral such as cash or securities is provided.
- The amendments seek to widen the scope of the Regulations and clarify issues surrounding their
application and operation.
- Despite the amendments, there are still some areas where uncertainty persists.