+Article 7 Recognition of close-out netting provisions
---+Article 7 1.
---+Article 7 2.
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Article 7 Recognition of close-out netting provisions
1. Översikt
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Reglering |
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Article 7 1.
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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.
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Article 7 2.
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Member States shall ensure that the operation of a close-out netting provision may not be subject to any of the requirements that are mentioned in Article 4(4), unless otherwise agreed by the parties.
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1.1 Referenser
1.2 Identifierade krav
1.3 Relaterade standarder
2. Identifierade krav
3. Relaterade standarder
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