No. 236, in page 178, line 46, at end insert—
'(1A) References in this Part to settlement in relation to a market contract are to the discharge of the rights and liabilities of the parties to the contract, whether by performance, compromise or otherwise.
(1B) In this part the expressions "margin" and "cover for margin" have the same meaning.'.
No. 237, in page 179, line 2, at end insert—
'(2A) For the purposes of this Part a person shall be taken to have notice of a matter if he deliberately failed to make enquiries as to that matter in circumstances in which a reasonable and honest person would have done so.
This does not apply for the purposes of a provision requiring "actual notice".'
§ No. 238, in page 179, line 3, leave out subsection (3).
No. 239, in page 179, line 8, at end insert
and in relation to a building society references to insolvency law or to any provision of the Insolvency Act 1986 are to that law or provision as modified by the Building Societies Act 1986.'.—Mr. Redwood.]