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New version applies from 16/08/2012 — introduced by European Market Infrastructure Regulation (EMIR). 25 provisions change. Later versions: 17/09/2014, 27/06/2019, 08/04/2024. Recital 12 changes in this version: compare with the current text.

Recital 12

Recital 12

(12)Whereas rules on finality of netting should not prevent systems testing, before the netting takes place, whether orders that have entered the system comply with the rules of that system and allow the settlement of that system to take place;

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