{
  "url": "https://openlegislation.uk/financial-services-act-2021/schedule-4/paragraph-8",
  "json_url": "https://openlegislation.uk/financial-services-act-2021/schedule-4/paragraph-8.json",
  "legislation": "ukpga/2021/22",
  "legislation_title": "Financial Services Act 2021",
  "legislation_url": "https://openlegislation.uk/financial-services-act-2021",
  "path": "schedule/4/paragraph/8",
  "kind": "paragraph",
  "number": "8",
  "heading": null,
  "text": "In Article 283 (permission to use the Internal Model Method), for paragraph 4 substitute—\n“4 For all OTC derivative transactions, and for long settlement transactions for which an institution has not received permission under paragraph 1 to use the IMM, the institution shall use the methods set out in Section 3. Those methods may be used in combination on a permanent basis within a group.”",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Sch. 4 para. 8 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/8",
    "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."
}