icon-grid
Better Regulation logo
Table of Contents

Table of Contents

Expand all headings Collapse all headings Expand side bar Collapse side bar
European Communities (Financial Collateral Arrangements) Regulations, 2010 [S.I. No. 626 of 2010]Introductory TextPart 1 Preliminary provisions (regs. 1-5)Regulation 1 Citation and commencement.Regulation 2 DefinitionsRegulation 3 Application of these RegulationsRegulation 4 Formal requirements with respect to financial collateral arrangements and provision of financial collateralRegulation 5 Parts 2, 3 and 4 not to limit certain other State lawsPart 2 Enforcement of financial collateral arrangements (regs. 6-7)Regulation 6 Right of collateral taker to enforce security financial collateral arrangement.Regulation 7 Financial collateral arrangement to have effect despite winding-up proceedings or reorganisation measuresPart 3 Security financial collateral arrangements (regs. 8-10)Regulation 8 Right of collateral taker to use financial collateral if arrangement so provides.Regulation 9 Use of financial collateral by collateral taker not to render rights of collateral taker invalid or unenforceable.Regulation 10 Non-compliance with certain obligations can be subject of close-out netting provision.Part 4 Title transfer financial collateral arrangements (regs. 11-12)Regulation 11 Recognition of title transfer financial collateral arrangementsRegulation 12 Recognition of close-out netting provisionsPart 5 Disapplication of certain insolvency provisions (regs. 13-17)Regulation 13 Meaning of "commencement" in relation to winding-up proceedings, etc.Regulation 14 Financial collateral arrangements and financial collateral not to be invalidated or voided.Regulation 15 Certain financial collateral arrangements, etc., to be enforceable against third parties.Regulation 16 Provision of financial collateral not to be invalidated or declared void by certain events.Regulation 17 How these Regulations relate to general law of insolvencyPart 6 Supplementary provisions (regs. 18-19A)Regulation 18 Conflict of laws.Regulation 18A Relationship between these Regulations and Credit Institutions (Stabilisation) Act 2010 and Central Bank and Credit Institutions (Resolution) Act 2011Regulation 19 Relationship with law giving effect to Consumer Credit DirectiveRegulation 19A Relationship with law giving effect to the Bank Recovery and Resolution DirectiveRegulation 19B Relationship with law giving effect to CCP Recovery and Resolution RegulationPart 7 Revocation (reg. 20)Regulation 20 Revocation of European Communities (Financial Collateral Arrangements) Regulations 2004.Given underExplanatory Note
Page Overview
Document Overview
Tools
Set a date to view the document
Text comparison options
Full text - Date 1 vs Date 2
Amendments requiring commencement - Current text vs Text requiring commencement
Draft proposed changes - Current text vs Text proposed by drafting documents
Coming soon: Any documents - Any document vs Another document at any date
Print / Export options
Current page
Whole document
Selected pages
Consolidated PDF of the entire document as of 11th December 2024
Export
Export line by line
Export provision to provision
Report template
Create report template
Alert me to changes
Manage alerts
Bookmarks
This page
This document
Manage bookmarks
Search within this document
View previous searches
Share
Get page link
Share via email application
PreviousNext
Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 30 June 2011 - onwards
Version 2 of 2

Regulation 5 Parts 2, 3 and 4 not to limit certain other State laws

Nothing in Parts 2, 3 and 4 limits any requirement imposed by any other law of the State requiring the realisation or valuation of financial collateral and the calculation of the relevant financial obligations to be carried out in a commercially reasonable manner.

PreviousNext