Directive 2002/47/EC is amended as follows:

1. (1)

   In Article 1, the following paragraph is added:

   6.

   Articles 4 to 7 of this Directive shall not apply to any restriction on the enforcement of financial collateral arrangements or any restriction on the effect of a security financial collateral arrangement, any close out netting or set-off provision that is imposed by virtue of Title IV, Chapter V or VI of Directive 2014/59/EU of the European Parliament and of the Council42, or to any such restriction that is imposed by virtue of similar powers in the law of a Member State to facilitate the orderly resolution of any entity referred to in points (c)(iv) and (d) of paragraph 2 which is subject to safeguards at least equivalent to those set out in Title IV, Chapter VII of Directive 2014/59/EU.

2. (2)

   Article 9a is replaced by the following:

   Article 9aDirectives 2008/48/EC and 2014/59/EU

   This Directive shall be without prejudice to Directives 2008/48/EC and 2014/59/EU.