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Division 2.1 Definition of defaultF1

United Kingdom Repealed

Original text. Later amendments are not shown.

  1. 44A ‘default’ shall be considered to have occurred with regard to a particular obligor when either or both of the two following events has taken place:
  2. 45Elements to be taken as indications of unlikeliness to pay shall include:
  3. 46Division 46
  4. 47Division 47
  5. 48Division 48

Annotations

Textual amendments

F1

Repealed by Directive 2013/36/EU of the European Parliament and of the Council of 26 June 2013 on access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms, amending Directive 2002/87/EC and repealing Directives 2006/48/EC and 2006/49/EC (Text with EEA relevance).