Chapter I, Section 5, Article 19, Paragraph 3. · Commission Delegated Regulation (EU) 2016/2251

Contents

1. The procedures referred to in Article 2(2)(c) shall includ…
2. Any collateral posted as initial or variation margin may b…
3. Initial margin shall be protected from the default or inso…
4. Counterparties shall ensure that non-cash collateral excha…
5. Where non-cash collateral is held by the collecting party…
6. Counterparties shall perform an independent legal review i…
7. Counterparties shall provide evidence to their competent a…
8. For the purposes of paragraph 1(e), the counterparties sha…

3.Initial margin shall be protected from the default or insolvency of the collecting counterparty by segregating it in either or both of the following ways:

(a)on the books and records of a third-party holder or custodian;

(b)via other legally binding arrangements;