# Financial Services Act 2021, Paragraph 7


(1) Article 223 (Financial Collateral Comprehensive Method) is amended as follows.
(2) In paragraph 3, in the second subparagraph, for “institutions” substitute “ , institutions using the method laid down in Section 6 of Chapter 6 ”.
(3) After paragraph 5 insert—
“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.”

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Source: https://www.legislation.gov.uk/ukpga/2021/22/schedule/4/paragraph/7 (the official version)
Page: https://openlegislation.uk/financial-services-act-2021/schedule-4/paragraph-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.