{
  "url": "https://openlegislation.uk/financial-services-act-2021/schedule-4/paragraph-7",
  "json_url": "https://openlegislation.uk/financial-services-act-2021/schedule-4/paragraph-7.json",
  "legislation": "ukpga/2021/22",
  "legislation_title": "Financial Services Act 2021",
  "legislation_url": "https://openlegislation.uk/financial-services-act-2021",
  "path": "schedule/4/paragraph/7",
  "kind": "paragraph",
  "number": "7",
  "heading": null,
  "text": "(1) Article 223 (Financial Collateral Comprehensive Method) is amended as follows.\n(2) In paragraph 3, in the second subparagraph, for “institutions” substitute “ , institutions using the method laid down in Section 6 of Chapter 6 ”.\n(3) After paragraph 5 insert—\n“5A For the purposes of the calculation under paragraph 5, in the case of OTC derivative transactions, institutions using the methods laid down in Sections 3, 4 and 5 of Chapter 6 shall take into account the risk-mitigating effects of collateral in accordance with the provisions laid down in Sections 3, 4 and 5 of Chapter 6, as applicable.”",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Sch. 4 para. 7 in force at 1.1.2022 by S.I. 2021/671, reg. 5(1)(c) (with reg. 5(2)) (as amended by S.I. 2021/1163, regs. 1(2), 2)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2021/22/schedule/4/paragraph/7",
    "retrieved_at": "2026-10-29T08:58:30.216487+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."
}