Contents
Article 6Grandfathering#
This Regulation shall not apply to the following:
(a)contracts for derivatives linked to other VTPs concluded before the date of entry into force of this Regulation;
(b)buying and selling of derivatives linked to other VTPs in order to offset or reduce contracts for derivatives linked to other VTPs concluded before the date of entry into force of this Regulation;
(c)buying and selling of contracts for derivatives linked to other VTP as part of a CCP default management procedure, including OTC trades registered in the regulated market for clearing purposes.
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