20 Scope of these Regulations

(1) A netting agreement remains a netting agreement even if it contains provisions relating to instruments, agreements or transactions that are not qualified financial instruments. However, for the purposes of these regulations, such a netting agreement is a netting agreement only with respect to instruments, agreements or transactions that are qualified financial instruments.
(2) A collateral arrangement remains a collateral arrangement even if it contains provisions relating to instruments, agreements or transactions that are not netting agreements or qualified financial instruments. However, for the purposes of these regulations, such a collateral arrangement is a collateral arrangement only with respect to agreements, contracts or transactions that are "netting agreements" or "qualified financial instruments" entered into under netting agreements, or that are instruments, agreements or transactions to which a netting agreement applies.
(3) A netting agreement and all qualified financial instruments entered into under it, or to which it applies constitute a single agreement.
Derived (as from 19th October 2017).