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Section 204

Reference; power to issue statutory instruments

(1) Sections 200 to 203 apply correspondingly, mutatis mutandis, to the further assets named in sections 192 to 211.
(2) The transactions named in sections 200 and 203 must satisfy the criteria named in Article 11(1) of Directive 2007/16/EC.
(3) The Federal Ministry of Finance is empowered, by statutory instrument not requiring the consent of the Bundesrat, to prescribe further criteria for the transactions named in sections 200 and 203, in particular provisions on the calculation and limitation of market risk exposure and counterparty risk, and on the nature and investment of the collateral or the subject matter of the repurchase transactions and their counting towards the investment limits. The Federal Ministry of Finance may transfer this power by statutory instrument to the Federal Institute.

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