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New version applies from 04/01/2011 — introduced by Directive 2010/78/EU. 27 provisions change. Later versions: 16/08/2012, 17/09/2014, 27/06/2019, 08/04/2024. Recital 13 changes in this version: compare with the current text.

Recital 13

Recital 13

(13)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;

Official text · the act as publishedFrom the act as published (consolidated texts do not carry recitals or the preamble). Open full page ↗
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