Payment and Settlement Systems (Finality and Netting) Act 2002 · 2020 Revised Edition · Part 2 · Transactions Effected Through Designated System
10. Adjustment of prior transactions
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Without limiting section 8, no order may be made by a court under section 67, 101, 224, 225, 228, 361, 362, 366 or 438 of the Insolvency, Restructuring and Dissolution Act 2018 in relation to a transfer order or any disposition of property pursuant to such an order.
transfer order
“transfer order” means —(a)an instruction by a participant, which may be carried out in or through one or more designated systems —(i)to place at the disposal of a recipient an amount of money by means of a book‑entry on the accounts of a settlement institution for a designated system; or(ii)that, when settled, results in the assumption or discharge of a payment obligation as defined by the Rules of a designated system; or(b)an instruction by a participant to transfer book‑entry securities.