Article 67

The resolution authority shall ensure that the application of a resolution tool does not result in any of the following with respect to security arrangements between a CCP under resolution and other parties to those arrangements: the transfer of assets against which the liability is secured unless that liability and benefit of the security are also transferred; the transfer of a secured liability unless the benefit of the security is also transferred; the transfer of the benefit of the security unless the secured liability is also transferred; the modification or termination of a security arrangement through the use of ancillary powers, if the effect of that modification or termination is that the liability ceases to be secured.

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Source: EUR-Lex (Cellar) · retrieved 2026-10-12 · Text as adopted (Official Journal); later amendments are not incorporated in this text.