{
  "url": "https://openlegislation.uk/eu-regulation-2018-1229/article-21",
  "json_url": "https://openlegislation.uk/eu-regulation-2018-1229/article-21.json",
  "legislation": "eur/2018/1229",
  "legislation_title": "Commission Delegated Regulation (EU) 2018/1229 of 25 May 2018 supplementing Regulation (EU) No 909/2014 of the European Parliament and of the Council with regard to regulatory technical standards on settlement discipline (Text with EEA relevance)",
  "legislation_url": "https://openlegislation.uk/eu-regulation-2018-1229",
  "path": "article/21",
  "kind": "article",
  "number": "21",
  "heading": "Buy-in not possible",
  "text": "A buy-in shall only be considered not possible where:\n(a) the relevant financial instruments no longer exist;\n(b) for transactions not cleared by a CCP, the failing trading venue member or the failing trading party is subject to insolvency proceedings.\nFor the purposes of point (b), insolvency proceeding shall mean any collective measure provided for in the law of a Member State, or a third country, either to wind up the trading venue member or trading party or to reorganise it, where such measure involves the suspension or imposition of limitations on transfers or payments.",
  "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/2018/1229/article/21",
    "retrieved_at": "2026-11-01T14:43:58.393159+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."
}