Insolvency proceedings shall not have retroactive effects on the rights and obligations of a participant arising from, or in connection with, its participation in a system earlier than the moment of opening of such proceedings as defined in Article 6(1).
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New version applies from 30/06/2009 — introduced by Directive 2009/44/EC.
40 provisions change.
Later versions: 04/01/2011, 16/08/2012, 17/09/2014, 27/06/2019, 08/04/2024.
Article 7 changes in this version: compare with the current text.