{
  "url": "https://openlegislation.uk/eu-directive-2002-47/article-6",
  "json_url": "https://openlegislation.uk/eu-directive-2002-47/article-6.json",
  "legislation": "eudr/2002/47",
  "legislation_title": "Directive 2002/47/EC of the European Parliament and of the Council of 6 June 2002 on financial collateral arrangements",
  "legislation_url": "https://openlegislation.uk/eu-directive-2002-47",
  "path": "article/6",
  "kind": "article",
  "number": "6",
  "heading": "Recognition of title transfer financial collateral arrangements",
  "text": "1. Member States shall ensure that a title transfer financial collateral arrangement can take effect in accordance with its terms.\n2. If an enforcement event occurs while any obligation of the collateral taker to transfer equivalent collateral under a title transfer financial collateral arrangement remains outstanding, the obligation may be the subject of a close-out netting provision.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eudr/2002/47/article/6",
    "retrieved_at": "2026-11-01T15:22:56.524104+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}