+CHAPTER II Requirements for CSDs
---+Section 1 Organisational requirements
------+Article 26 General provisions
---------+Article 26 1.
---------+Article 26 2.
---------+Article 26 3.
---------+Article 26 4.
---------+Article 26 5.
---------+Article 26 6.
---------+Article 26 7.
---------+Article 26 8.
---------+Article 26 9.
------+Article 27 Senior management, management body and shareholders
---------+Article 27 1.
---------+Article 27 2.
---------+Article 27 3.
---------+Article 27 4.
---------+Article 27 5.
---------+Article 27 6.
---------+Article 27 7.
---------+Article 27 8.
---------+Article 27 9.
---------+Article 27 10.
---------+Article 27 11.
------+Article 27a Information to competent authorities
---------+Article 27a 1.
---------+Article 27a 2.
---------+Article 27a 3.
---------+Article 27a 4.
---------+Article 27a 5.
---------+Article 27a 6.
---------+Article 27a 7.
---------+Article 27a 8.
---------+Article 27a 9.
------+Article 27b Assessment
---------+Article 27b 1.
---------+Article 27b 2.
---------+Article 27b 3.
---------+Article 27b 4.
---------+Article 27b 5.
---------+Article 27b 6.
---------+Article 27b 7.
------+Article 27c Derogation for CSDs providing banking-type ancillary services
------+Article 28 User committee
---------+Article 28 1.
---------+Article 28 2.
---------+Article 28 3.
---------+Article 28 4.
---------+Article 28 5.
---------+Article 28 6.
------+Article 29 Record keeping
---------+Article 29 1.
---------+Article 29 1a.
---------+Article 29 2.
---------+Article 29 3.
---------+Article 29 4.
------+Article 30 Outsourcing
---------+Article 30 1.
---------+Article 30 2.
---------+Article 30 3.
---------+Article 30 4.
---------+Article 30 5.
------+Article 31 Services provided by parties other than CSDs
---------+Article 31 1.
---------+Article 31 2.
---------+Article 31 3.
---+Section 2 Conduct of business rules
------+Article 32 General provisions
---------+Article 32 1.
---------+Article 32 2.
------+Article 33 Requirements for participation
---------+Article 33 1.
---------+Article 33 2.
---------+Article 33 3.
---------+Article 33 4.
---------+Article 33 5.
---------+Article 33 6.
------+Article 34 Transparency
---------+Article 34 1.
---------+Article 34 2.
---------+Article 34 3.
---------+Article 34 4.
---------+Article 34 5.
---------+Article 34 6.
---------+Article 34 7.
---------+Article 34 8.
------+Article 35 Communication procedures with participants and other market infrastructures
---+Section 3 Requirements for CSD services
------+Article 36 General provisions
------+Article 37 Integrity of the issue
---------+Article 37 1.
---------+Article 37 2.
---------+Article 37 3.
---------+Article 37 4.
------+Article 38 Protection of securities of participants and those of their clients
---------+Article 38 1.
---------+Article 38 2.
---------+Article 38 3.
---------+Article 38 4.
---------+Article 38 5.
---------+Article 38 6.
---------+Article 38 7.
------+Article 39 Settlement finality
---------+Article 39 1.
---------+Article 39 2.
---------+Article 39 3.
---------+Article 39 4.
---------+Article 39 5.
---------+Article 39 6.
---------+Article 39 7.
------+Article 40 Cash settlement
---------+Article 40 1.
---------+Article 40 2.
---------+Article 40 3.
------+Article 41 Participant default rules and procedures
---------+Article 41 1.
---------+Article 41 2.
---------+Article 41 3.
---------+Article 41 4.
---+Section 4 Prudential requirements
------+Article 42 General requirements
------+Article 43 Legal risks
---------+Article 43 1.
---------+Article 43 2.
---------+Article 43 3.
------+Article 44 General business risk
------+Article 45 Operational risks
---------+Article 45 1.
---------+Article 45 3.
---------+Article 45 4.
---------+Article 45 5.
---------+Article 45 6.
---------+Article 45 7.
------+Article 46 Investment policy
---------+Article 46 1.
---------+Article 46 2.
---------+Article 46 3.
---------+Article 46 4.
---------+Article 46 5.
---------+Article 46 6.
------+Article 47 Capital requirements
---------+Article 47 1.
---------+Article 47 3.
------+Article 47a Deferred net settlement
---------+Article 47a 1.
---------+Article 47a 2.
---------+Article 47a 3.
---+Section 5 Requirements for CSD links
------+Article 48 CSD links
---------+Article 48 1.
---------+Article 48 2.
---------+Article 48 3.
---------+Article 48 4.
---------+Article 48 5.
---------+Article 48 6.
---------+Article 48 7.
---------+Article 48 8.
---------+Article 48 9.
---------+Article 48 10.

CHAPTER II Requirements for CSDs

CHAPTER II Requirements for CSDs

1. Overview

,
Section 1 Organisational requirements Section 1 Organisational requirements
Section 2 Conduct of business rules Section 2 Conduct of business rules
Section 3 Requirements for CSD services Section 3 Requirements for CSD services
Section 4 Prudential requirements Section 4 Prudential requirements
Section 5 Requirements for CSD links Section 5 Requirements for CSD links

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements

3. Related Standards

Standards
  • Builddate: 17.01.2026 00:00:00 -Doknr: CELEX:32014R0909
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