Section 3 of Bilateral Netting of Qualified Financial Contracts Act, 2020: Applicability of Act

The Bilateral Netting of Qualified Financial Contracts Act, 2020

Chapter-II Application of Act

Section 3: Applicability of Act.

3. The provisions of this Act shall apply to a qualified financial contract entered into on a bilateral basis between qualified financial market participants, either under a netting agreement or otherwise, where at least one of such participants shall be an entity regulated by an authority specified in the First Schedule.


 


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