Credit Institutions (Stabilisation) Act 2010

Application of laws in relation to netting agreements, etc.

65.— (1) Nothing in this Act affects the operation of—

(a) the Netting of Financial Contracts Act 1995 ,

(b) the European Communities (Settlement Finality) Regulations 2008 ( S.I. No. 88 of 2008 ),

(c) the European Communities (Financial Collateral Arrangements) Regulations 2004 ( S.I. No. 1 of 2004 ), or

(d) regulation 30 of the Regulations of 2004,

in relation to an agreement to which a relevant institution or any of its subsidiaries is a party.

(2) Nothing in this Act affects the operation of the Asset Covered Securities Act 2001 .