16. Point (13) of Article 2(1) of Directive 2014/49/EU provides that the collateral must be …

Point (13) of Article 2(1) of Directive 2014/49/EU provides that the collateral must be unencumbered by any third-party rights. Accordingly, the DGSs and the designated authorities should not accept any low-risk assets which are already encumbered or collateralised by means of pledges or other security arrangements.

1. Overview

1.1 References

• Article 2 1.

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

• EBA - Published by the European Banking Authority at https://www.eba.europa.eu/