Forms of bonds of caution and other securitiesS
27.6.(1)A bond of caution shall oblige the cautioner, his heirs and executors to make payment of the sums for which he has become cautioner to the party to whom he is bound, as validity and in the same manner as the party and his heirs and successors, for whom he is cautioner, are obliged.
(2)A bond of caution or other security document given [F1 by a person shall state whether that person is an “authorised person” within the meaning of section 31 of the Financial Services and Markets Act 2000].
Textual Amendments
F1Words in Sch. 1 rule 27.6(2) substituted (1.2.2005) by Act of Sederunt (Ordinary Cause Rules) Amendment (Caution and Security) 2005 (S.S.I. 2005/20), art. 2(3)
Modifications etc. (not altering text)
C1Rule 27.6 applied (with modifications) (1.1.1994) by S.I. 1993/3128, para. 3(2).