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Financial Services Act 2021
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- UK Public General Acts
- 2021 c. 22
- SCHEDULE 4
- Paragraph 8
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Financial Services Act 2021, Paragraph 8 is up to date with all changes known to be in force on or before 04 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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Changes and effects yet to be applied to Schedule 4 Paragraph 8:
- specified provision(s) amendment to earlier commencing S.I. 2021/671, reg. 5 by S.I. 2021/1163 reg. 2
This section has no associated Explanatory Notes
8U.K.In Article 283 (permission to use the Internal Model Method), for paragraph 4 substitute—
“4For all OTC derivative transactions, and for long settlement transactions for which an institution has not received permission under paragraph 1 to use the IMM, the institution shall use the methods set out in Section 3. Those methods may be used in combination on a permanent basis within a group.”
Commencement Information
I1Sch. 4 para. 8 in force at 1.1.2022 by S.I. 2021/671, reg. 5(1)(c) (with reg. 5(2)) (as amended by S.I. 2021/1163, regs. 1(2), 2)
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