+Article 62 2

Article 62 2

2.   A transfer, cancellation or amendment as referred to in paragraph 1 of this Article shall not:

(a)

revoke a transfer order in contravention of Article 5 of Directive 98/26/EC;

(b)

modify or negate the enforceability of transfer orders and netting as required by Articles 3 and 5 of Directive 98/26/EC, the use of funds, securities or credit facilities as required by Article 4 of that Directive or the protection of collateral security as required by Article 9 of that Directive.

1. Overview

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Summary Regulation

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements
Source Requirement

3. Related Standards

Standards
Source Requirement