{
  "url": "https://openlegislation.uk/eu-regulation-2014-907/article-16",
  "json_url": "https://openlegislation.uk/eu-regulation-2014-907/article-16.json",
  "legislation": "eur/2014/907",
  "legislation_title": "Commission Delegated Regulation (EU) No 907/2014 of 11 March 2014 supplementing Regulation (EU) No 1306/2013 of the European Parliament and of the Council with regard to paying agencies and other bodies, financial management, clearance of accounts, securities and use of euro",
  "legislation_url": "https://openlegislation.uk/eu-regulation-2014-907",
  "path": "article/16",
  "kind": "article",
  "number": "16",
  "heading": "Terms used in this Chapter",
  "text": "For the purposes of this Chapter:\n(a)‘competent authority’ means either a party authorised to accept a security or a party authorised to decide in accordance with the relevant regulation if a security is to be released or forfeited;\n(b)‘block security’ means a security made available to the competent authority with the purpose of ensuring that more than one obligation is met;\n(c)‘the relevant part of the sum secured’ means the part of the sum secured corresponding to the quantity for which a requirement has been breached.",
  "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/eur/2014/907/article/16",
    "retrieved_at": "2026-11-01T14:47:21.685264+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."
}