PART 3Remedies

Set-off and netting11

1

This article applies where a partial property transfer has been made in contravention of—

a

article 3; or

b

article 4, to the extent that the contravention relates to set-off arrangements, netting arrangements or title transfer financial collateral arrangements,

unless the contravention relates to the exercise of the continuity powers (in which case article 10 applies).

2

The partial property transfer does not affect the exercise of the right to set-off or net.