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Chapter I Authorisation and supervision of CSDs (arts. 10-25) |
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Section 1 Authorities responsible for authorisation and supervision of CSDs (arts. 10-15) |
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Article 10 Competent authority |
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Article 11 Designation of the competent authority |
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Article 12 Relevant authorities |
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Article 13 Exchange of information |
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Article 14 Cooperation between authorities |
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Article 15 Emergency situations |
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Section 2 Conditions and procedures for authorisation of CSDs (arts. 16-21) |
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Article 16 Authorisation of a CSD |
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Article 17 Procedure for granting authorisation |
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Article 18 Effects of the authorisation |
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Article 19 Extension and outsourcing of activities and services |
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Article 20 Withdrawal of authorisation |
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Article 21 CSD register |
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Section 3 Supervision of CSDs (art. 22 and draft art. 22a) |
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Article 22 Review and evaluation |
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Article 22a Plans for recovery and orderly wind-down |
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Section 4 Provision of services in another member state (arts. 23-24 and draft art. 24a) |
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Article 23 Freedom to provide services in another Member State |
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Article 24 Cooperation between authorities of the home Member State and of the host Member State and peer review |
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Article 24a College of supervisors |
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Section 5 Relations with third countries (art. 25) |
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Article 25 Third countries |
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Chapter II Requirements for CSDs (arts. 26-48) |
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Section 1 Organisational requirements (arts. 26-31) |
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Article 26 General provisions |
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Article 27 Senior management, management body and shareholders |
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Article 27a Information to competent authorities |
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Article 27b Assessment |
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Article 27c Derogation for CSDs providing banking-type ancillary services |
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Article 28 User committee |
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Article 29 Record keeping |
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Article 30 Outsourcing |
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Article 31 Services provided by parties other than CSDs |
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Section 2 Conduct of business rules (arts. 32-35) |
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Article 32 General provisions |
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Article 33 Requirements for participation |
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Article 34 Transparency |
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Article 35 Communication procedures with participants and other market infrastructures |
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Section 3 Requirements for CSD services (arts. 36-41) |
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Article 36 General provisions |
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Article 37 Integrity of the issue |
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Article 38 Protection of securities of participants and those of their clients |
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Article 39 Settlement finality |
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Article 40 Cash settlement |
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Article 41 Participant default rules and procedures |
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Section 4 Prudential requirements (arts. 42-47 and draft art. 47a) |
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Article 42 General requirements |
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Article 43 Legal risks |
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Article 44 General business risk |
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Article 45 Operational risks |
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Article 46 Investment policy |
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Article 47 Capital requirements |
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Article 47a Deferred net settlement |
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Section 5 Requirements for CSD links (art. 48) |
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Article 48 CSD links |
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Chapter III Access to CSDs (arts. 49-53) |
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Section 1 Access of issuers to CSDs (art. 49) |
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Article 49 Freedom to issue in a CSD authorised in the Union |
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Section 2 Access between CSDs (arts. 50-52) |
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Article 50 Standard link access |
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Article 51 Customised link access |
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Article 52 Procedure for CSD links |
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Section 3 Access between a CSD and another market infrastructure (art. 53) |
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Article 53 Access between a CSD and another market infrastructure |
