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New version applies from 27/06/2019 — introduced by Directive (EU) 2019/879. 30 provisions change. Later versions: 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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