23. Institutions should ensure that they obtain the legal opinion or opinions in accordance with …

Institutions should ensure that they obtain the legal opinion or opinions in accordance with paragraph 20, confirming that the collateral arrangement under which the other physical collateral is provided is legally effective and enforceable at least in the following jurisdictions:

• (a) the jurisdiction whose law governs the collateral arrangement;
• (b) if a public register for the type of collateral exists, the jurisdiction where the collateral is registered; otherwise, the jurisdiction in which the owner of the collateral is incorporated or the place of residence if the owner of the collateral is a natural person;
• (c) if considered relevant for a given collateral, the jurisdictions in which the institution and the obligor are incorporated; in any case, if the obligor is a natural person, the jurisdiction of his or her place of residence;
• (d) the jurisdiction where it is most likely that the realisation of the collateral would be carried out should this be necessary;
• (e) any other jurisdiction, if considered relevant for a given collateral.

1. Forbhreathnú

1.1 Tagairtí

1.2 Ceanglais aitheanta

1.3 Caighdeáin ghaolmhara

2. Ceanglais aitheanta

3. Caighdeáin ghaolmhara

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