# Financial Services Act 2021, Paragraph 8


In Article 283 (permission to use the Internal Model Method), for paragraph 4 substitute—
“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.”

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Source: https://www.legislation.gov.uk/ukpga/2021/22/schedule/4/paragraph/8 (the official version)
Page: https://openlegislation.uk/financial-services-act-2021/schedule-4/paragraph-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.