{
  "url": "https://openlegislation.uk/eu-regulation-2016-2251",
  "json_url": "https://openlegislation.uk/eu-regulation-2016-2251.json",
  "id": "eur/2016/2251",
  "title": "Commission Delegated Regulation (EU) 2016/2251 of 4 October 2016 supplementing Regulation (EU) No 648/2012 of the European Parliament and of the Council on OTC derivatives, central counterparties and trade repositories with regard to regulatory technical standards for risk-mitigation techniques for OTC derivative contracts not cleared by a central counterparty (Text with EEA relevance)",
  "short_title": "Regulation (EU) 2016/2251 supplementing Regulation (EU) No 648/2012 of the European Parliament and of the…",
  "long_title": "Commission Delegated Regulation (EU) 2016/2251 of 4 October 2016 supplementing Regulation (EU) No 648/2012 of the European Parliament and of the Council on OTC derivatives, central counterparties and trade repositories with regard to regulatory technical standards for risk-mitigation techniques for OTC derivative contracts not cleared by a central counterparty (Text with EEA relevance)",
  "citation": "EU Regulation 2016/2251",
  "type": "eur",
  "year": "2016",
  "number": "2251",
  "version": "current",
  "date": "2016-10-04",
  "revised": false,
  "valid_from": null,
  "extent": "E+W+S+N.I.",
  "unapplied_effects": 1,
  "provisions": [
    {
      "path": "introduction",
      "kind": "introduction",
      "number": null,
      "heading": "Introductory text",
      "url": "https://openlegislation.uk/eu-regulation-2016-2251/introduction",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "chapter/I",
      "kind": "chapter",
      "number": "I",
      "heading": "GENERAL PROVISIONS ON RISK MANAGEMENT PROCEDURES",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "chapter/I/section/1",
      "kind": "section",
      "number": "1",
      "heading": "Definitions and general requirements",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/I"
    },
    {
      "path": "article/1",
      "kind": "article",
      "number": "1",
      "heading": "Definitions",
      "url": "https://openlegislation.uk/eu-regulation-2016-2251/article-1",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/I/section/1"
    },
    {
      "path": "article/2",
      "kind": "article",
      "number": "2",
      "heading": "General requirements",
      "url": "https://openlegislation.uk/eu-regulation-2016-2251/article-2",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/I/section/1"
    },
    {
      "path": "article/3",
      "kind": "article",
      "number": "3",
      "heading": "Exchange of collateral agreement",
      "url": "https://openlegislation.uk/eu-regulation-2016-2251/article-3",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/I/section/1"
    },
    {
      "path": "chapter/I/section/2",
      "kind": "section",
      "number": "2",
      "heading": "Eligibility",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/I"
    },
    {
      "path": "article/4",
      "kind": "article",
      "number": "4",
      "heading": "Eligible collateral",
      "url": "https://openlegislation.uk/eu-regulation-2016-2251/article-4",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/I/section/2"
    },
    {
      "path": "article/5",
      "kind": "article",
      "number": "5",
      "heading": "Eligibility criteria for units or shares in UCITS",
      "url": "https://openlegislation.uk/eu-regulation-2016-2251/article-5",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/I/section/2"
    },
    {
      "path": "article/6",
      "kind": "article",
      "number": "6",
      "heading": "Credit quality assessment",
      "url": "https://openlegislation.uk/eu-regulation-2016-2251/article-6",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/I/section/2"
    },
    {
      "path": "article/7",
      "kind": "article",
      "number": "7",
      "heading": "Specific requirements for eligible assets",
      "url": "https://openlegislation.uk/eu-regulation-2016-2251/article-7",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/I/section/2"
    },
    {
      "path": "article/8",
      "kind": "article",
      "number": "8",
      "heading": "Concentration limits for initial margin",
      "url": "https://openlegislation.uk/eu-regulation-2016-2251/article-8",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/I/section/2"
    },
    {
      "path": "chapter/I/section/3",
      "kind": "section",
      "number": "3",
      "heading": "Calculation and collection of margins",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/I"
    },
    {
      "path": "article/9",
      "kind": "article",
      "number": "9",
      "heading": "Frequency of calculation and determination of the calculation date",
      "url": "https://openlegislation.uk/eu-regulation-2016-2251/article-9",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/I/section/3"
    },
    {
      "path": "article/10",
      "kind": "article",
      "number": "10",
      "heading": "Calculation of variation margin",
      "url": "https://openlegislation.uk/eu-regulation-2016-2251/article-10",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/I/section/3"
    },
    {
      "path": "article/11",
      "kind": "article",
      "number": "11",
      "heading": "Calculation of initial margin",
      "url": "https://openlegislation.uk/eu-regulation-2016-2251/article-11",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/I/section/3"
    },
    {
      "path": "article/12",
      "kind": "article",
      "number": "12",
      "heading": "Provision of variation margin",
      "url": "https://openlegislation.uk/eu-regulation-2016-2251/article-12",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/I/section/3"
    },
    {
      "path": "article/13",
      "kind": "article",
      "number": "13",
      "heading": "Provision of initial margin",
      "url": "https://openlegislation.uk/eu-regulation-2016-2251/article-13",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/I/section/3"
    },
    {
      "path": "chapter/I/section/4",
      "kind": "section",
      "number": "4",
      "heading": "Initial margin models",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/I"
    },
    {
      "path": "article/14",
      "kind": "article",
      "number": "14",
      "heading": "General requirements",
      "url": "https://openlegislation.uk/eu-regulation-2016-2251/article-14",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/I/section/4"
    },
    {
      "path": "article/15",
      "kind": "article",
      "number": "15",
      "heading": "Confidence interval and MPOR",
      "url": "https://openlegislation.uk/eu-regulation-2016-2251/article-15",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/I/section/4"
    },
    {
      "path": "article/16",
      "kind": "article",
      "number": "16",
      "heading": "Calibration of the parameters of the model",
      "url": "https://openlegislation.uk/eu-regulation-2016-2251/article-16",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/I/section/4"
    },
    {
      "path": "article/17",
      "kind": "article",
      "number": "17",
      "heading": "Diversification, hedging and risk offsets across underlying classes",
      "url": "https://openlegislation.uk/eu-regulation-2016-2251/article-17",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/I/section/4"
    },
    {
      "path": "article/18",
      "kind": "article",
      "number": "18",
      "heading": "Qualitative requirements",
      "url": "https://openlegislation.uk/eu-regulation-2016-2251/article-18",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/I/section/4"
    },
    {
      "path": "chapter/I/section/5",
      "kind": "section",
      "number": "5",
      "heading": "Collateral management and segregation",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/I"
    },
    {
      "path": "article/19",
      "kind": "article",
      "number": "19",
      "heading": "Collateral management and segregation",
      "url": "https://openlegislation.uk/eu-regulation-2016-2251/article-19",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/I/section/5"
    },
    {
      "path": "article/20",
      "kind": "article",
      "number": "20",
      "heading": "Treatment of collected initial margins",
      "url": "https://openlegislation.uk/eu-regulation-2016-2251/article-20",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/I/section/5"
    },
    {
      "path": "chapter/I/section/6",
      "kind": "section",
      "number": "6",
      "heading": "Valuation of collateral",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/I"
    },
    {
      "path": "article/21",
      "kind": "article",
      "number": "21",
      "heading": "Calculation of the adjusted value of collateral",
      "url": "https://openlegislation.uk/eu-regulation-2016-2251/article-21",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/I/section/6"
    },
    {
      "path": "article/22",
      "kind": "article",
      "number": "22",
      "heading": "Own estimates of the adjusted value of collateral",
      "url": "https://openlegislation.uk/eu-regulation-2016-2251/article-22",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/I/section/6"
    },
    {
      "path": "chapter/II",
      "kind": "chapter",
      "number": "II",
      "heading": "SPECIFIC PROVISIONS ON RISK MANAGEMENT PROCEDURES",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "chapter/II/section/1",
      "kind": "section",
      "number": "1",
      "heading": "Exemptions",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/II"
    },
    {
      "path": "article/23",
      "kind": "article",
      "number": "23",
      "heading": "CCPs authorised as credit institutions",
      "url": "https://openlegislation.uk/eu-regulation-2016-2251/article-23",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/II/section/1"
    },
    {
      "path": "article/24",
      "kind": "article",
      "number": "24",
      "heading": "Non-financial counterparties and third-country counterparties",
      "url": "https://openlegislation.uk/eu-regulation-2016-2251/article-24",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/II/section/1"
    },
    {
      "path": "article/25",
      "kind": "article",
      "number": "25",
      "heading": "Minimum transfer amount",
      "url": "https://openlegislation.uk/eu-regulation-2016-2251/article-25",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/II/section/1"
    },
    {
      "path": "article/26",
      "kind": "article",
      "number": "26",
      "heading": "Margin calculation with third-country counterparties",
      "url": "https://openlegislation.uk/eu-regulation-2016-2251/article-26",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/II/section/1"
    },
    {
      "path": "chapter/II/section/2",
      "kind": "section",
      "number": "2",
      "heading": "Exemptions in calculating levels of initial margin",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/II"
    },
    {
      "path": "article/27",
      "kind": "article",
      "number": "27",
      "heading": "Foreign exchange contracts",
      "url": "https://openlegislation.uk/eu-regulation-2016-2251/article-27",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/II/section/2"
    },
    {
      "path": "article/28",
      "kind": "article",
      "number": "28",
      "heading": "Threshold based on notional amount",
      "url": "https://openlegislation.uk/eu-regulation-2016-2251/article-28",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/II/section/2"
    },
    {
      "path": "article/29",
      "kind": "article",
      "number": "29",
      "heading": "Threshold based on initial margin amounts",
      "url": "https://openlegislation.uk/eu-regulation-2016-2251/article-29",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/II/section/2"
    },
    {
      "path": "chapter/II/section/3",
      "kind": "section",
      "number": "3",
      "heading": "Exemptions from the requirement to post or collect initial or variation margin",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/II"
    },
    {
      "path": "article/30",
      "kind": "article",
      "number": "30",
      "heading": "Treatment of derivatives associated to covered bonds for hedging purposes",
      "url": "https://openlegislation.uk/eu-regulation-2016-2251/article-30",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/II/section/3"
    },
    {
      "path": "article/30a",
      "kind": "article",
      "number": "30a",
      "heading": "Treatment of derivatives in connection with securitisations for hedging purposes",
      "url": "https://openlegislation.uk/eu-regulation-2016-2251/article-30a",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/II/section/3"
    },
    {
      "path": "article/31",
      "kind": "article",
      "number": "31",
      "heading": "Treatment of derivatives with counterparties in third countries where legal enforceability of netting agreements or collateral protection cannot be ensured",
      "url": "https://openlegislation.uk/eu-regulation-2016-2251/article-31",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/II/section/3"
    },
    {
      "path": "chapter/III",
      "kind": "chapter",
      "number": "III",
      "heading": "INTRAGROUP DERIVATIVE CONTRACTS",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "chapter/III/section/1",
      "kind": "section",
      "number": "1",
      "heading": "Procedures for counterparties competent authorities when applying exemptions for intragroup derivative contracts",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/III"
    },
    {
      "path": "article/32",
      "kind": "article",
      "number": "32",
      "heading": "Procedures for counterparties and relevant competent authorities",
      "url": "https://openlegislation.uk/eu-regulation-2016-2251/article-32",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/III/section/1"
    },
    {
      "path": "chapter/III/section/2",
      "kind": "section",
      "number": "2",
      "heading": "Applicable criteria for applying exemptions for intragroup derivative contracts",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/III"
    },
    {
      "path": "article/33",
      "kind": "article",
      "number": "33",
      "heading": "Applicable criteria on the legal impediment to the prompt transfer of own funds and repayment of liabilities",
      "url": "https://openlegislation.uk/eu-regulation-2016-2251/article-33",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/III/section/2"
    },
    {
      "path": "article/34",
      "kind": "article",
      "number": "34",
      "heading": "Applicable criteria on the practical impediments to the prompt transfer of own funds and repayment of liabilities",
      "url": "https://openlegislation.uk/eu-regulation-2016-2251/article-34",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/III/section/2"
    },
    {
      "path": "chapter/IV",
      "kind": "chapter",
      "number": "IV",
      "heading": "TRANSITIONAL AND FINAL PROVISIONS",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "article/35",
      "kind": "article",
      "number": "35",
      "heading": "Transitional provisions",
      "url": "https://openlegislation.uk/eu-regulation-2016-2251/article-35",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/IV"
    },
    {
      "path": "article/36",
      "kind": "article",
      "number": "36",
      "heading": "Application of 9(2), Article 11, Articles 13 to 18, points (c), (d) and (f) of Article 19(1), Article 19(3) and Article 20",
      "url": "https://openlegislation.uk/eu-regulation-2016-2251/article-36",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/IV"
    },
    {
      "path": "article/37",
      "kind": "article",
      "number": "37",
      "heading": "Application of Articles 9(1), 10 and 12",
      "url": "https://openlegislation.uk/eu-regulation-2016-2251/article-37",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/IV"
    },
    {
      "path": "article/38",
      "kind": "article",
      "number": "38",
      "heading": "Dates of application for specific contracts",
      "url": "https://openlegislation.uk/eu-regulation-2016-2251/article-38",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/IV"
    },
    {
      "path": "article/39",
      "kind": "article",
      "number": "39",
      "heading": "Calculation of aggregate average notional amount",
      "url": "https://openlegislation.uk/eu-regulation-2016-2251/article-39",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/IV"
    },
    {
      "path": "article/40",
      "kind": "article",
      "number": "40",
      "heading": "Entry into force",
      "url": "https://openlegislation.uk/eu-regulation-2016-2251/article-40",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/IV"
    },
    {
      "path": "signature",
      "kind": "signature",
      "number": null,
      "heading": "Signature",
      "url": "https://openlegislation.uk/eu-regulation-2016-2251/signature",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "annex/I",
      "kind": "annex",
      "number": "I",
      "heading": "Correspondence of Probability of default (‘PD’) to Credit quality steps for the purposes of Articles 6 and 7",
      "url": "https://openlegislation.uk/eu-regulation-2016-2251/annex-I",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "annex/II",
      "kind": "annex",
      "number": "II",
      "heading": "Methodology to adjust the value of collateral for the purposes of Article 21",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "annex/II/division/n1",
      "kind": "division",
      "number": "1",
      "heading": "The value of the collateral shall be adjusted as follows:",
      "url": "https://openlegislation.uk/eu-regulation-2016-2251/annex-II/division-n1",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/II"
    },
    {
      "path": "annex/II/division/n2",
      "kind": "division",
      "number": "2",
      "heading": "Counterparties shall apply at least the haircuts provided in the following Tables 1 and 2 to the market value of the collateral:",
      "url": "https://openlegislation.uk/eu-regulation-2016-2251/annex-II/division-n2",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/II"
    },
    {
      "path": "annex/II/annotation/n3",
      "kind": "division",
      "number": "1",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2016-2251/annex-II/annotation/n3",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/II"
    },
    {
      "path": "annex/II/annotation/n4",
      "kind": "division",
      "number": "2",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2016-2251/annex-II/annotation/n4",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/II"
    },
    {
      "path": "annex/II/annotation/3",
      "kind": "division",
      "number": "3",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2016-2251/annex-II/annotation/3",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/II"
    },
    {
      "path": "annex/II/annotation/4",
      "kind": "division",
      "number": "4",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2016-2251/annex-II/annotation/4",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/II"
    },
    {
      "path": "annex/II/annotation/5",
      "kind": "division",
      "number": "5",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2016-2251/annex-II/annotation/5",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/II"
    },
    {
      "path": "annex/III",
      "kind": "annex",
      "number": "III",
      "heading": "Own volatility estimates of the haircuts to be applied to the market value of collateral for the purposes of Article 22",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "annex/III/division/1",
      "kind": "division",
      "number": "1",
      "heading": "The calculation of the adjusted value of the collateral shall meet all of the following conditions:",
      "url": "https://openlegislation.uk/eu-regulation-2016-2251/annex-III/division-1",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/III"
    },
    {
      "path": "annex/III/division/2",
      "kind": "division",
      "number": "2",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2016-2251/annex-III/division-2",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/III"
    },
    {
      "path": "annex/III/division/3",
      "kind": "division",
      "number": "3",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2016-2251/annex-III/division-3",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/III"
    },
    {
      "path": "annex/III/division/4",
      "kind": "division",
      "number": "4",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2016-2251/annex-III/division-4",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/III"
    },
    {
      "path": "annex/III/division/5",
      "kind": "division",
      "number": "5",
      "heading": "The calculation of haircuts resulting from the application of point (c) of paragraph 1 shall meet all of the following conditions:",
      "url": "https://openlegislation.uk/eu-regulation-2016-2251/annex-III/division-5",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/III"
    },
    {
      "path": "annex/IV",
      "kind": "annex",
      "number": "IV",
      "heading": "Standardised Method for the calculation of initial margin for the purposes of Articles 9 and 11",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "annex/IV/division/1",
      "kind": "division",
      "number": "1",
      "heading": "The notional amounts or underlying values, as applicable, of the |OTC derivative contracts in a netting set shall be multiplied by the percentages in the following Table 1:",
      "url": "https://openlegislation.uk/eu-regulation-2016-2251/annex-IV/division-1",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/IV"
    },
    {
      "path": "annex/IV/division/2",
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      "number": "2",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2016-2251/annex-IV/division-2",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/IV"
    },
    {
      "path": "annex/IV/division/3",
      "kind": "division",
      "number": "3",
      "heading": "The following treatment shall be applied to contracts which fall within more than one category:",
      "url": "https://openlegislation.uk/eu-regulation-2016-2251/annex-IV/division-3",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/IV"
    }
  ],
  "outstanding_effects": [
    {
      "type": "revoked",
      "affected_provisions": "Regulation",
      "affecting": "ukpga/2023/29",
      "affecting_title": "Financial Services and Markets Act 2023",
      "affecting_provisions": "Sch. 1 Pt. 1 3"
    }
  ],
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  "changes_made_to_url": "https://openlegislation.uk/eu-regulation-2016-2251/changes.json",
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  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eur/2016/2251",
    "retrieved_at": "2026-11-01T14:45:18.172261+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."
}