Commission Implementing Regulation (EU) No 908/2014 Article 54

Partial release

Article 54

Where specific Union rules do not specify a minimum quantity, the competent authority may itself restrict the number of partial releases of any one security and may specify a minimum sum for any such release. Before releasing all or part of a security the competent authority may require that a written request for release be provided. In the case of securities covering more than 100 % of the sum required to be secured, that part of the security exceeding 100 % shall be released when the remainder of the sum secured is finally released or forfeited.