securities lending

Definitions over time (1)

10/01/2024 – today applies on 12/11/2026 Article 2, ELTIF Regulation Scope: Whole act

For the purposes of this Regulation, the following definitions apply:

‘securities lending’ and ‘securities borrowing’ mean any transaction in which a counterparty transfers securities subject to a commitment that the borrower will return equivalent securities at some future date or when requested to do so by the transferor, that transaction being considered as securities lending for the counterparty transferring the securities and being considered as securities borrowing for the counterparty to which they are transferred;

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