(1) The application of a resolution tool shall not affect the operation of systems and rules of systems covered by Directive 98/26/EC, where a resolution order -
(a) transfers some but not all of the assets, rights or liabilities of an institution under resolution to another entity, or
(b) uses powers under Regulation 112 to cancel or amend the terms of a contract to which the institution under resolution is a party or to substitute a recipient as a party.
(2) A transfer, cancellation or amendment referred to in paragraph (1) shall not -
(a) revoke a transfer order in contravention of Article 5,
(b) modify or negate the enforceability of transfer orders and netting as required by Articles 3 and 5,
(c) modify or negate the protection of collateral security as required by Article 9, or
(d) prevent the use of funds, securities or credit facilities as required by Article 4,
(3) Where a partial property transfer or a modification of contracts has been made in contrave
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