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Division 2.1 Requirements common to guarantees and credit derivativesF1

United Kingdom Repealed

Original text. Later amendments are not shown.

  1. 14Subject to point 16, for the credit protection deriving from a guarantee or credit derivative to be recognised the following conditions shall be met:
  2. 2.1.1Operational requirements

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Repealed by Directive 2013/36/EU of the European Parliament and of the Council of 26 June 2013 on access to the activity of credit institutions and the prudential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).