14
Netting Arrangements
14.1
A ring-fenced body must not enter into a netting arrangement if the effect of the netting arrangement is to permit a person, other than a member of the ring-fenced body’s group, to offset its liabilities to the ring-fenced body against its claims on any member of the ring-fenced body’s group that is not a ring-fenced affiliate in the event of default of any party to the netting arrangement.
- 01/01/2019