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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 15 July 2015 - onwards
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Regulation 20 Honouring of certain obligations by institutions that are neither natural persons or corporations

(1) This Regulation applies to a institution in respect of which winding-up proceedings have been commenced in another Member State but only if the institution is not a natural person or a corporation.

(2) When an obligation has been honoured for the benefit of a institution to which this Regulation applies, but the obligation should have been honoured for the benefit of the liquidator in those proceedings, the obligation is taken to have been discharged so long as the person honouring it was unaware that the proceedings had commenced.

(3) If such an obligation is honoured before the publication provided for in Regulation 18, the person honouring the obligation is presumed, in the absence of proof to the contrary, to have been unaware of the commencement of the winding-up proceedings.

(4) If such an obligation is honoured after the publication provided for in Regulation 18, the person honouring the obligation is presumed, in the absence of proof to the contrary, to have been aware of t

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