Section 1 Authorities responsible for authorisation and supervision of CSDs

1. Overview

Summary	Regulation
Article 10 Competent authority	Article 10 Competent authority Without prejudice to the oversight by the members of the ESCB referred to in Article 12(1), a CSD shall be authorised and supervised by the competent authority of its home Member State.
Article 11 Designation of the competent authority
Article 12 Relevant authorities
Article 13 Exchange of information
Article 14 Cooperation between authorities
Article 15 Emergency situations	Article 15 Emergency situations Without prejudice to the notification procedure provided for in Article 6(3) of Directive 98/26/EC, competent authorities and relevant authorities shall immediately inform ESMA, the European Systemic Risk Board established by Regulation (EU) No 1092/2010 of the European Parliament and of the Council ( 4 ) and each other of any emergency situation relating to a CSD, including of any developments in financial markets, which may have an adverse effect on market liquidity, the stability of a currency in which settlement takes place, the integrity of monetary policy or on the stability of the financial system in any of the Member States where the CSD or one of its participants are established.

Requirements
Source	Requirement

Standards
Source	Requirement

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