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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 27 Reorganisation measure or winding-up proceedings not to affect right to reservation of title to asset

(1) The imposition of a reorganisation measure, or the commencement of winding-up proceedings, in respect of a institution that has bought an asset does not affect the seller's rights based on reservation of title if, at the time of the imposition of the measure or the commencement of the proceedings, the asset is located within a State other than the one in which the measure was imposed or the proceedings were commenced.

(2) The imposition of a reorganisation measure, or the commencement of winding-up proceedings, in respect of a institution after delivering an asset that it has sold does not constitute grounds for rescinding or terminating the sale and does not prevent the buyer from acquiring title if, at the time of the imposition of the measure or the commencement of the proceedings, the asset sold is located within a State other than the one in which the measure was imposed or the proceedings were commenced.

(3) This Regulation does not affect the right to bring proceedings for v

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