# Commission Implementing Regulation (EU) No 908/2014 of 6 August 2014 laying down rules for the application of 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, rules on checks, securities and transparency, Article 51: Form

Extent: E+W+S+N.I.

1. A security may be given:
(a) as a cash deposit as referred to in Article 19(2) and (3) of Delegated Regulation (EU) No 907/2014; and/or
(b) by providing a guarantor in accordance with Article 21 of Delegated Regulation (EU) No 907/2014.
2. At the discretion of the competent authority, a security may be given by:
(a) pledging cash deposits in a bank;
(b) pledging recognised claims against a public body or public funds, which are due and payable and against which no other claim has precedence; and/or
(c) pledging collateral negotiable in the constituent nation concerned provided they are issued or guaranteed by the relevant authority.
3. The competent authority may impose additional terms for accepting securities of the type listed in paragraph 2.

---
Source: https://www.legislation.gov.uk/eur/2014/908/article/51 (the official version)
Page: https://openlegislation.uk/eu-regulation-2014-908/article-51
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.