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Legislation

30 Jun 2011

On 30 June 2011 the Law amending the Law on Financial Collateral Arrangements came in force. This law implemented the Directive 2009/44/EC amending Directive 98/26/EC on settlement finality in payment and securities settlement systems and Directive 2002/47/EC on financial collateral arrangements as regards linked systems and credit claims. In particular, the new law redefined derivative transactions, regulations on financial collateral arrangements as well as regulations on settlement arrangements. 

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