Section 7
Period of stay
of Netting of Financial Agreements Act 2015
ActIn forceProvision 7 of 9
Section 7
(2)
The Minister shall cause a reasonable notice to be given to persons affected by the period of stay prescribed under subsection (1), unless the circumstances do not permit.
(3)
The period prescribed under subsection (1) shall apply notwithstanding that any other period has been provided or prescribed under the provisions specified in Part II of the Schedule.