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Irish Financial Services Law
Legislation (IE)
Statutory Instruments
2004
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European Communities (Financial Collateral Arrangements) Regulations, 2004 [S.I. No. 1 of 2004]
Introductory Text
Part 1 Preliminary Provisions (regs. 1-6)
Regulation 1 Citation and commencement of Regulations
Regulation 2 Purpose of these Regulations
Regulation 3 Definitions
Regulation 4 Application of these Regulations
Regulation 5 Formal requirements with respect to financial collateral arrangements and the provision of financial collateral
Regulation 6 Parts 2, 3 and 4 not to limit other State laws
Part 2 Enforcement of Financial Collateral Arrangements (regs. 7-8)
Regulation 7 Right of collateral taker to enforce security financial collateral arrangement
Regulation 8 Financial collateral arrangement to have effect despite winding-up proceedings or reorganisation measures
Part 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 provides
Regulation 10 Use of financial collateral by collateral taker not to render invalid or unenforceable rights of collateral taker
Regulation 11 Non compliance with requirement can be subject of close-out netting provision
Part 4 Recognition of Title Transfer Financial Collateral Arrangements and Close-Out Netting Provisions (regs. 12-13)
Regulation 12 Recognition of title transfer financial collateral arrangements
Regulation 13 Recognition of close-out netting provisions
Part 5 Disapplication of Certain Insolvency Provisions (regs. 14-17)
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 State relating to insolvency
Part 6 Supplementary Provision (regs. 18-19)
Regulation 18 Conflict of laws
Regulation 19 Relationship between these Regulations and Credit Institutions (Stabilisation) Act 2010
Given under
Explanatory Note
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https://service.betterregulation.com/document/128533
European Communities (Financial Collateral Arrangements) Regulations, 2004 [S.I. No. 1 of 2004]
Part 5 Disapplication of Certain Insolvency Provisions (regs. 14-17)
Regulation 14 Financial collateral arrangements and financial collateral not to be invalidated or voided
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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 14 Financial collateral arrangements and financial collateral not to be invalidated or voided
Revoked from 30 June 2011
[deleted]
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