+41. cikk A résztvevők nemteljesítésére vonatkozó szabályok és eljárások
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41. cikk A résztvevők nemteljesítésére vonatkozó szabályok és eljárások

1. Áttekintés

Megnevezés	Szabályozás
Article 41 1.	For each securities settlement system it operates, a CSD shall have effective and clearly defined rules and procedures to manage the default of one or more of its participants ensuring that the CSD can take timely action to contain losses and liquidity pressures and continue to meet its obligations.
Article 41 2.	A CSD shall make its default rules and relevant procedures available to the public.
Article 41 3.	A CSD shall undertake with its participants and other relevant stakeholders periodic testing and review of its default procedures to ensure that they are practical and effective.
Article 41 4.	In order to ensure consistent application of this Article, ESMA may, in close cooperation with the members of the ESCB, issue guidelines in accordance with Article 16 of Regulation (EU) No 1095/2010.

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