{
  "url": "https://openlegislation.uk/eu-regulation-2016-1401/article-4",
  "json_url": "https://openlegislation.uk/eu-regulation-2016-1401/article-4.json",
  "legislation": "eur/2016/1401",
  "legislation_title": "Commission Delegated Regulation (EU) 2016/1401 of 23 May 2016 supplementing Directive 2014/59/EU of the European Parliament and of the Council establishing a framework for the recovery and resolution of credit institutions and investment firms with regard to regulatory technical standards for methodologies and principles on the valuation of liabilities arising from derivatives (Text with EEA relevance)",
  "legislation_url": "https://openlegislation.uk/eu-regulation-2016-1401",
  "path": "article/4",
  "kind": "article",
  "number": "4",
  "heading": "Role of the netting agreement",
  "text": "For contracts subject to a netting agreement, the valuer shall determine, in accordance with Articles 2, 5, 6, and 7, a single amount which the institution under resolution has the legal right to receive or the legal obligation to pay as a result of the close-out of all the derivative contracts in the netting set, as defined in the netting agreement.",
  "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/2016/1401/article/4",
    "retrieved_at": "2026-11-01T14:45:36.818027+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."
}