Regulation (EU) No 236/2012 of the European Parliament and of the CouncilShow full title

Article 46 U.K. Transitional provision

F1 1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2. Credit default swap transactions resulting in an uncovered position in a sovereign credit default swap that have been concluded before 25 March 2012 or during a suspension of restrictions on uncovered sovereign credit default swaps in accordance with Article 14(2) may be held until the maturity date of the credit default swap contract.

Textual Amendments

F1 Art. 46(1) omitted (31.12.2020) by virtue of The Short Selling (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1321), regs. 1(2), 14(4) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)