+Article 7 1.

Article 7 1.

Member States shall ensure that a close-out netting provision can take effect in accordance with its terms:

(a) 

notwithstanding the commencement or continuation of winding-up proceedings or reorganisation measures in respect of the collateral provider and/or the collateral taker; and/or

(b) 

notwithstanding any purported assignment, judicial or other attachment or other disposition of or in respect of such rights.

1. Overview

,

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements

3. Related Standards

Standards