(c)

the following paragraph is inserted: ‘4a. By way of derogation from paragraphs 3 and 4, an institution may recognise any collateral received in accordance with Part Three, Title II, Chapter 6, Section 3 where all of the following conditions are met: ; the collateral is received from a client for a derivative contract cleared by the institution on behalf of that client; the contract referred to in point (a) is cleared through a QCCP; where the collateral has been received in the form of initial margin, that collateral is segregated from the assets of the institution.’

← ‘4. · All articles · (a) →

Source: EUR-Lex CELLAR · retrieved 2026-09-04 · Text as adopted (Official Journal); later amendments are not incorporated in this text.