+Article 16 Authorisation of a CSD
---+Article 16 1.
---+Article 16 2.
---+Article 16 3.
---+Article 16 4.
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Article 16 Authorisation of a CSD
1. Forbhreathnú
| Teideal |
Rialáil |
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Article 16 1.
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Any legal person that falls within the definition of CSD shall obtain an authorisation from the competent authority of the Member State where it is established before commencing its activities.
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Article 16 2.
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The authorisation shall specify the core services listed in Section A of the Annex and non-banking-type ancillary services permitted under Section B of the Annex, which the CSD is authorised to provide.
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Article 16 3.
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A CSD shall comply at all times with the conditions necessary for authorisation.
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Article 16 4.
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A CSD as well as its independent auditors, shall, without undue delay, inform the competent authority of any substantive changes affecting the compliance with the conditions for authorisation.
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1.1 Tagairtí
1.2 Ceanglais aitheanta
1.3 Caighdeáin ghaolmhara
2. Ceanglais aitheanta
Ceanglais
| Foinse |
Ceanglas |
3. Caighdeáin ghaolmhara
Caighdeáin
| Foinse |
Ceanglas |
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