{
  "url": "https://openlegislation.uk/eu-regulation-2018-1229/article-37",
  "json_url": "https://openlegislation.uk/eu-regulation-2018-1229/article-37.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/37",
  "kind": "article",
  "number": "37",
  "heading": "Timeframes for the delivery of financial instruments",
  "text": "Following the buy-in process, the financial instruments referred to in the first subparagraph of Article 5(1) of Regulation (EU) No 909/2014 shall be delivered to the receiving participants which are acting on behalf of the CCP, the receiving clearing members, the trading venue members or the trading parties, within the following timeframes:\n(a) four business days after the extension period referred to in Article 36 for shares that have a liquid market;\n(b) seven business days after the extension period referred to in Article 36 for financial instruments other than shares that have a liquid market;\n(c) seven business days after the extension period referred to in the second subparagraph of Article 7(3) of Regulation (EU) No 909/2014 for financial instruments traded on SME growth markets;\n(d) where shares referred to in point (a) are traded on SME growth markets, point (c) shall apply.",
  "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/37",
    "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."
}