Commission Delegated Regulation (EU) 2020/1987 Article 3

Release and forfeiture of securities

Article 3

1. The security shall be released immediately once the competent authority has received the satisfactory proof that the requirements linked to that security are met. 2. Where the relevant requirements are not entirely met, the security shall be released in proportion to the quantity for which the requirements are met. The amount of the security which is not released shall be forfeited in accordance with Article 24 of Commission Delegated Regulation (EU) No 907/2014 ( 24 ) .

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CitationArticle 3 of Commission Delegated Regulation (EU) 2020/1987 (LawPlayer, data as of 2026-07-04)

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