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New version applies from 17/09/2014 — introduced by Regulation (EU) No 909/2014 (CSDR). 26 provisions change. Later versions: 27/06/2019, 08/04/2024. Recital 13 changes in this version: compare with the current text.

Recital 13

Comparing 04/01/2011 → 16/08/2012: 0 added, 0 removed, 0 changed Close comparison

Whereas nothing in this Directive should prevent a participant or a third party from exercising any right or claim resulting from the underlying transaction which they may have in law to recovery or restitution in respect of a transfer order which has entered a system, e.g. in case of fraud or technical error, as long as this leads neither to the unwinding of netting nor to the revocation of the transfer order in the system;

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