This Directive provides for a right of use in case of security financial collateral arrangements, which increases liquidity in the financial market stemming from such reuse of "pledged"‘pledged’ securities. This reuse however should be without prejudice to national legislation about separation of assets and unfair treatment of creditors.
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New version applies from 02/07/2014 — introduced by Bank Recovery and Resolution Directive (BRRD).
26 provisions change.
Later versions: 12/08/2022.
Recital 19 changes in this version: compare with the current text.