S.L. 403.15 Art. 25Regulated markets.

(1) Without prejudice to regulation 22, the effects of a reorganisation measure or of winding-up proceedings on the rights and obligations of the parties to a regulated market shall be determined solely by the law applicable to that market.

(2) Sub-regulation (1) shall not preclude actions for nullity, voidability or unenforceability of legal acts detrimental to all the creditors as referred to in regulation 10(3)(m) which may be taken to set aside payments or transactions under the law applicable to that market.