Central Bank and Credit Institutions (Resolution) Act 2011
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Application of laws in relation to netting agreements, etc. |
104.— (1) Nothing in this Act— | |
(a) affects the operation of— | ||
(i) the Netting of Financial Contracts Act 1995 , | ||
(ii) the European Communities (Settlement Finality) Regulations 2010 ( S.I. No. 624 of 2010 ), | ||
(iii) the European Communities (Financial Collateral Arrangements) Regulations 2010 ( S.I. No. 626 of 2010 ), or | ||
(iv) Regulation 30 of the Regulations of 2011, | ||
in relation to an agreement to which an authorised credit institution or any of its subsidiaries or its holding company is a party, or | ||
(b) affects the operation of any provision of the law of a Member State required for the implementation of the provisions of— | ||
(i) Directive 98/26/EC 4 of the European Parliament and of the Council of 19 May 1998 (as amended by Directive 2009/44/EC of the European Parliament and of the Council of 6 May 2009), or | ||
(ii) Directive 2002/47/EC of the European Parliament and of the Council of 6 June 2002 (as amended by Directive 2009/44/EC of the European Parliament and of the Council of 6 May 2009). | ||
(2) Nothing in this Act affects the operation of the Asset Covered Securities Act 2001 . | ||