Schedule 4, paragraph 7

Article 223 (Financial Collateral Comprehensive Method) is amended as follows. In paragraph 3, in the second subparagraph, for “institutions” substitute “ , institutions using the method laid down in Section 6 of Chapter 6 ”. After paragraph 5 insert— For the purposes of the calculation under paragraph 5, in the case of OTC derivative transactions, institutions using the methods laid down in Sections 3, 4 and 5 of Chapter 6 shall take into account the risk-mitigating effects of collateral in accordance with the provisions laid down in Sections 3, 4 and 5 of Chapter 6, as applicable.

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Source: legislation.gov.uk · retrieved 2026-09-04