Article 5 | SFD | Directive 98/26/EC

In force

Initial Legal Act

Amendments (1)

There is currently no Level 2 legal act based on or specifying Article 5.

Article 5 - Directive 98/26/EC (SFD)

Article 5

A transfer order may not be revoked by a participant in a system, nor by a third party, from the moment defined by the rules of that system.

SECTION I - SCOPE AND DEFINITIONS (Article 1-2)

SECTION II - NETTING AND TRANSFER ORDERS (Article 3-5)Article 3 Article 4 Article 5

SECTION III - PROVISIONS CONCERNING INSOLVENCY PROCEEDINGS (Article 6-8)

SECTION IV - INSULATION OF THE RIGHTS OF HOLDERS OF COLLATERAL SECURITY FROM THE EFFECTS OF THE INSOLVENCY OF THE PROVIDER (Article 9)

SECTION V - FINAL PROVISIONS (Article 10-14)