Regulation 909/2014/EU - Central Securities Depositories Regulation (CSDR)

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Version status: Applicable | Document consolidation status: Updated to reflect all known changes

Published date: 28 August 2014

Consolidation Status: Updated to reflect all known changes

Comparing proposed amendment...


	Recitals
	Title I Subject Matter, Scope and Definitions (arts. 1-2)
Entered into force	Article 1 Subject matter and scope
Amended	Article 2 Definitions
	Title II Securities settlement (arts. 3-9)
	Chapter I Book-entry form (arts. 3-4)
Applicable	Article 3 Book-entry form
Entered into force	Article 4 Enforcement
	Chapter II Settlement periods (art. 5)
Applicable	Article 5 Intended settlement date
	Chapter III Settlement discipline (arts. 6-8)
Amended	Article 6 Measures to prevent settlement fails
Amended	Article 7 Measures to address settlement fails
Inserted	Article 7a Mandatory buy-in process
Entered into force	Article 8 Enforcement
	Chapter IV Internalised settlement (art. 9)
Entered into force	Article 9 Settlement internalisers
	Title III Central securities depositories (arts. 10-53)
	Chapter I Authorisation and supervision of CSDs (arts. 10-25)
	Section 1 Authorities responsible for authorisation and supervision of CSDs (arts. 10-15)
Entered into force	Article 10 Competent authority
Entered into force	Article 11 Designation of the competent authority
Amended	Article 12 Relevant authorities
Entered into force	Article 13 Exchange of information
Entered into force	Article 14 Cooperation between authorities
Entered into force	Article 15 Emergency situations
	Section 2 Conditions and procedures for authorisation of CSDs (arts. 16-21)
Entered into force	Article 16 Authorisation of a CSD
Amended	Article 17 Procedure for granting authorisation
Entered into force	Article 18 Effects of the authorisation
Amended	Article 19 Extension and outsourcing of activities and services
Amended	Article 20 Withdrawal of authorisation
Entered into force	Article 21 CSD register
	Section 3 Supervision of CSDs (art. 22 and draft art. 22a)
Amended	Article 22 Review and evaluation
Inserted	Article 22a Plans for recovery and orderly wind-down
	Section 4 Provision of services in another member state (arts. 23-24 and draft art. 24a)
Amended	Article 23 Freedom to provide services in another Member State
Amended	Article 24 Cooperation between authorities of the home Member State and of the host Member State and peer review
Inserted	Article 24a College of supervisors
	Section 5 Relations with third countries (art. 25)
Amended	Article 25 Third countries
	Chapter II Requirements for CSDs (arts. 26-48)
	Section 1 Organisational requirements (arts. 26-31)
Amended	Article 26 General provisions
Amended	Article 27 Senior management, management body and shareholders
Inserted	Article 27a Information to competent authorities
Inserted	Article 27b Assessment
Inserted	Article 27c Derogation for CSDs providing banking-type ancillary services
Amended	Article 28 User committee
Amended	Article 29 Record keeping
Entered into force	Article 30 Outsourcing
Entered into force	Article 31 Services provided by parties other than CSDs
	Section 2 Conduct of business rules (arts. 32-35)
Entered into force	Article 32 General provisions
Entered into force	Article 33 Requirements for participation
Entered into force	Article 34 Transparency
Entered into force	Article 35 Communication procedures with participants and other market infrastructures
	Section 3 Requirements for CSD services (arts. 36-41)
Amended	Article 36 General provisions
Entered into force	Article 37 Integrity of the issue
Entered into force	Article 38 Protection of securities of participants and those of their clients
Entered into force	Article 39 Settlement finality
Amended	Article 40 Cash settlement
Entered into force	Article 41 Participant default rules and procedures
	Section 4 Prudential requirements (arts. 42-47 and draft art. 47a)
Entered into force	Article 42 General requirements
Entered into force	Article 43 Legal risks
Entered into force	Article 44 General business risk
Entered into force	Article 45 Operational risks
Entered into force	Article 46 Investment policy
Amended	Article 47 Capital requirements
Inserted	Article 47a Deferred net settlement
	Section 5 Requirements for CSD links (art. 48)
Entered into force	Article 48 CSD links
	Chapter III Access to CSDs (arts. 49-53)
	Section 1 Access of issuers to CSDs (art. 49)
Amended	Article 49 Freedom to issue in a CSD authorised in the Union
	Section 2 Access between CSDs (arts. 50-52)
Entered into force	Article 50 Standard link access
Entered into force	Article 51 Customised link access
Amended	Article 52 Procedure for CSD links
	Section 3 Access between a CSD and another market infrastructure (art. 53)
Entered into force	Article 53 Access between a CSD and another market infrastructure
	Title IV Provision of banking-type ancillary services for CSD participants (arts. 54-60)
Amended	Article 54 Authorisation and designation to provide banking-type ancillary services
Amended	Article 55 Procedure for granting and refusing authorisation to provide banking-type ancillary services
Entered into force	Article 56 Extension of the banking-type ancillary services
Entered into force	Article 57 Withdrawal of authorisation
Entered into force	Article 58 CSD register
Amended	Article 59 Prudential requirements applicable to credit institutions or CSDs authorised to provide banking-type ancillary services
Amended	Article 60 Supervision of designated credit institutions and CSDs authorised to provide banking-type ancillary services
	Title V Sanctions (arts. 61-66)
Entered into force	Article 61 Administrative sanctions and other measures
Entered into force	Article 62 Publication of decisions
Entered into force	Article 63 Sanctions for infringements
Entered into force	Article 64 Effective application of sanctions
Entered into force	Article 65 Reporting of infringements
Entered into force	Article 66 Right of appeal
	Title VI Delegation of Power, Implementing Powers, Transitional, Amending and Final Provisions (arts. 67-76)
Amended	Article 67 Exercise of the delegation
Amended	Article 68 Committee procedure
Amended	Article 69 Transitional provisions
Entered into force	Article 70 Amendments to Directive 98/26/EC
Entered into force	Article 71 Amendments to Directive 2014/65/EU
Deleted	Article 72 Amendment to Regulation (EU) No 236/2012
Entered into force	Article 73 Application of Directive 2014/65/EU and Regulation (EU) No 600/2014
Amended	Article 74 Reports
Amended	Article 75 Review
Amended	Article 76 Entry into force and application
	Annex - List of services
Entered into force	Annex, Section A Core services of central securities depositories
Entered into force	Annex, Section B Non-banking-type ancillary services of CSDs that do not entail credit or liquidity risks
Entered into force	Annex, Section C Banking-type ancillary services
	Done at

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