Regulatory Alerts2018-06-25
Added · Updated
Law on Financial Collateral
The Republic of Serbia enacted this Law to establish the legal framework for financial collateral arrangements between regulated market participants, aiming to enhance legal certainty and financial system stability. The legislation defines eligible collateral types, including cash, financial instruments, and credit claims, while specifying the formal requirements for establishing security rights and the rights of use and disposal for collateral takers. It further mandates simplified out-of-court enforcement procedures upon default, allowing for immediate settlement through netting, sale, or appropriation without judicial intervention or bankruptcy stays.
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