(7)The principle in Directive 98/26/EC, whereby the law applicable to book entry securities provided as collateral is the law of the jurisdiction where the relevant register, account or centralised deposit system is located, should be extended in order to create legal certainty regarding the use of such securities held in a cross-border context and used as financial collateral under the scope of this Directive.
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New version applies from 12/08/2022 — introduced by Regulation (EU) 2021/23.
28 provisions change.
Recital 7 changes in this version: compare with the current text.