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European Communities (Financial Collateral Arrangements) Regulations, 2004 [S.I. No. 1 of 2004]Introductory TextPart 1 Preliminary Provisions (regs. 1-6)Regulation 1 Citation and commencement of RegulationsRegulation 2 Purpose of these RegulationsRegulation 3 DefinitionsRegulation 4 Application of these RegulationsRegulation 5 Formal requirements with respect to financial collateral arrangements and the provision of financial collateralRegulation 6 Parts 2, 3 and 4 not to limit other State lawsPart 2 Enforcement of Financial Collateral Arrangements (regs. 7-8)Regulation 7 Right of collateral taker to enforce security financial collateral arrangementRegulation 8 Financial collateral arrangement to have effect despite winding-up proceedings or reorganisation measuresPart 3 Use of Financial Collateral under Security Financial Collateral Arrangements (regs. 9-11)Regulation 9 Right of collateral taker to use financial collateral if arrangement so providesRegulation 10 Use of financial collateral by collateral taker not to render invalid or unenforceable rights of collateral takerRegulation 11 Non compliance with requirement can be subject of close-out netting provisionPart 4 Recognition of Title Transfer Financial Collateral Arrangements and Close-Out Netting Provisions (regs. 12-13)Regulation 12 Recognition of title transfer financial collateral arrangementsRegulation 13 Recognition of close-out netting provisionsPart 5 Disapplication of Certain Insolvency Provisions (regs. 14-17)Regulation 14 Financial collateral arrangements and financial collateral not to be invalidated or voidedRegulation 15 Certain financial collateral arrangements, etc. to be enforceable against third partiesRegulation 16 Provision of financial collateral not to be invalidated or declared void by certain eventsRegulation 17 How these Regulations relate to general law of State relating to insolvencyPart 6 Supplementary Provision (regs. 18-19)Regulation 18 Conflict of lawsRegulation 19 Relationship between these Regulations and Credit Institutions (Stabilisation) Act 2010Given underExplanatory Note
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Version status: Revoked | Document consolidation status: Updated to reflect all known changes
Version date: 30 June 2011 - onwards
Version 3 of 3

Regulation 6 Parts 2, 3 and 4 not to limit other State laws

Revoked from 30 June 2011

[deleted]

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