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Article 315-15 into force since

  • Version into force since
ELI : /en/eli/fr/aai/amf/rg/article/315-15/20180103/notes

Where a margin deposit consists of financial instruments, the investment services provider can legally refuse any such instrument that:

  1. it considers he would be unable to realise at any time or on his own initiative;

  2. it deems will not provide adequate collateral, having regard to the type of position to be collateralised.

In any event, long positions in a given financial instrument cannot be collateralised with the same financial instrument.