Template:Nutshell 2018 CSD 11(j): Difference between revisions

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{{imcsdprov|11(j)}} '''[[(More) Interpretation - IM CSD Provision|Interpretation]]'''. references in this {{imcsdprov|Deed}} to laws or regulations (i) will be as amended or replaced from time to time; and (ii) include subordinate legislation. To determine (i) if a {{imcsdprov|Transaction}} is a {{imcsdprov|Covered Transaction (IM)}} and (ii) what margin applies to it, the laws and regulations to be applied will be those in effect when the {{imcsdprov|Transaction}} was executed.
{{imcsdprov|11(j)}} '''[[(More) Interpretation - IM CSD Provision|Interpretation]]'''. All references to laws and regulations in this {{imcsdprov|Deed}} will be to those laws and regulations as they are amended or replaced [[from time to time]], and will include subordinate regulations. To work out whether if a {{imcsdprov|Transaction}} is a {{imcsdprov|Covered Transaction (IM)}} and what margin applies to it, apply the regulations in effect when the {{imcsdprov|Transaction}} was executed. <br>

Latest revision as of 14:28, 7 May 2021

11(j) Interpretation. All references to laws and regulations in this Deed will be to those laws and regulations as they are amended or replaced from time to time, and will include subordinate regulations. To work out whether if a Transaction is a Covered Transaction (IM) and what margin applies to it, apply the regulations in effect when the Transaction was executed.