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Article (14): Counterparty Liability

C 3/2024 Effective from 30/11/2024

This regulation and the accompanying standards, including the requirement to apply haircuts or to not account for certain CRM for the purposes of calculating provisions, or to partly or fully write off exposures, do not reduce or extinguish the liability outstanding of the counterparty, and are without prejudice to the counterparty’s liability and the ability of LFIs to fully exercise and enforce their rights with regard to any form of CRM (including collateral).