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+Article 49 4. |
Article 49 4.Without prejudice to Directive 2005/60/EC of the European Parliament and of the Council (
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) and Commission Directive 2006/70/EC (
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), where a CSD refuses to provide services to an issuer, it shall provide the requesting issuer with full written reasons for its refusal. In the case of a refusal, the requesting issuer shall have the right to complain to the competent authority of the CSD that refuses to provide its services. The competent authority of that CSD shall duly examine the complaint by assessing the reasons for refusal provided by the CSD and shall provide the issuer with a reasoned reply. The competent authority of the CSD shall consult the competent authority of the place of establishment of the requesting issuer on its assessment of the complaint. Where the competent authority of the place of establishment of the requesting issuer disagrees with that assessment, any one of the two competent authorities may refer the matter to ESMA, which may act in accordance with the powers conferred on it under Article 19 of Regulation (EU) No 1095/2010. Where the refusal by the CSD to provide its services to an issuer is deemed to be unjustified, the responsible competent authority shall issue an order requiring the CSD to provide its services to the requesting issuer. 1. Panoramica
1.1 Riferimenti1.2 Requisiti identificati1.3 Standard correlati2. Requisiti identificati
3. Standard correlati
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