(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;
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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 13 changes in this version: compare with the current text.