{
  "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-2/division-n4/division-2.4/division-21",
  "json_url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-2/division-n4/division-2.4/division-21.json",
  "legislation": "eudr/2006/48",
  "legislation_title": "Directive 2006/48/EC of the European Parliament and of the Council of 14 June 2006 relating to the taking up and pursuit of the business of credit institutions (recast) (Text with EEA relevance) (repealed)",
  "legislation_url": "https://openlegislation.uk/eu-directive-2006-48",
  "path": "annex/VIII/part/2/division/n4/division/2.4/division/21",
  "kind": "division",
  "number": "21",
  "heading": "A mismatch between the underlying obligation and the reference obligation under the credit derivative (i.e. the obligation used for the purposes of determining cash settlement value or the deliverable obligation) or between the underlying obligation and the obligation used for purposes of determining whether a credit event has occurred is permissible only if the following conditions are met:",
  "text": ". . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .",
  "extent": "E+W+S+N.I.",
  "status": "repealed",
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Repealed by Directive 2013/36/EU of the European Parliament and of the Council of 26 June 2013 on access to the activity of credit institutions and the prudential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)."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eudr/2006/48/annex/VIII/part/2/division/n4/division/2.4/division/21",
    "retrieved_at": "2026-11-01T15:22:36.111352+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."
}