+Article 12 1.

Article 12 1.

The following authorities shall be involved in the authorisation and supervision of CSDs where specifically referred to in this Regulation:

(a) 

the authority responsible for the oversight of the securities settlement system operated by the CSD in the Member State whose law applies to that securities settlement system;

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(b) 

the central banks in the Union issuing the most relevant currencies in which settlement takes or will take place;

(c) 

where relevant, the central bank in the Union in whose books the cash payments of a securities settlement system operated by the CSD is or will be settled.

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1. Overview

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1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements

3. Related Standards

Standards