CSDR

• CSDR
  • Recital
  • TITLE I SUBJECT MATTER, SCOPE AND DEFINITIONS
    • Article 1 Subject matter and scope

      Q&A

      Q&A
    • Article 2 Definitions
  • TITLE II SECURITIES SETTLEMENT
    • CHAPTER I Book-entry form
      • Article 3 Book-entry form

        Q&A
      • Article 4 Enforcement
    • CHAPTER II Settlement periods
      • Article 5 Intended settlement date
    • CHAPTER III Settlement discipline
      • Article 6 Measures to prevent settlement fails

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      • Article 7 Measures to address settlement fails

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        DA

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      • Article 8 Enforcement
    • CHAPTER IV Internalised settlement
      • Article 9 Settlement internalisers

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  • TITLE III CENTRAL SECURITIES DEPOSITORIES
    • CHAPTER I Authorisation and supervision of CSDs
      • Section 1 Authorities responsible for authorisation and supervision of CSDs
        • Article 10 Competent authority
        • Article 11 Designation of the competent authority
        • Article 12 Relevant authorities

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        • Article 13 Exchange of information
        • Article 14 Cooperation between authorities

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        • Article 15 Emergency situations
      • Section 2 Conditions and procedures for authorisation of CSDs
        • Article 16 Authorisation of a CSD
        • Article 17 Procedure for granting authorisation

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        • Article 18 Effects of the authorisation

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        • Article 19 Extension and outsourcing of activities and services
        • Article 20 Withdrawal of authorisation
        • Article 21 CSD register
      • Section 3 Supervision of CSDs
        • Article 22 Review and evaluation

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      • Section 4 Provision of services in another member state
        • Article 23 Freedom to provide services in another Member State

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        • Article 24 Cooperation between authorities of the home Member State and of the host Member State and peer review

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      • Section 5 Relations with third countries
        • Article 25 Third countries

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    • CHAPTER II Requirements for CSDs
      • Section 1 Organisational requirements
        • Article 26 General provisions

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        • Article 27 Senior management, management body and shareholders

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        • Article 28 User committee
        • Article 29 Record keeping

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        • Article 30 Outsourcing

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        • Article 31 Services provided by parties other than CSDs
      • Section 2 Conduct of business rules
        • Article 32 General provisions
        • Article 33 Requirements for participation

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        • Article 34 Transparency
        • Article 35 Communication procedures with participants and other market infrastructures

          Q&A
      • Section 3 Requirements for CSD services
        • Article 36 General provisions
        • Article 37 Integrity of the issue

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        • Article 38 Protection of securities of participants and those of their clients

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        • Article 39 Settlement finality
        • Article 40 Cash settlement
        • Article 41 Participant default rules and procedures

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      • Section 4 Prudential requirements
        • Article 42 General requirements

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        • Article 43 Legal risks
        • Article 44 General business risk

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        • Article 45 Operational risks

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        • Article 46 Investment policy

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        • Article 47 Capital requirements

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      • Section 5 Requirements for CSD links
        • Article 48 CSD links

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    • CHAPTER III Access to CSDs
      • Section 1 Access of issuers to CSDs
        • Article 49 Freedom to issue in a CSD authorised in the Union

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      • Section 2 Access between CSDs
        • Article 50 Standard link access
        • Article 51 Customised link access
        • Article 52 Procedure for CSD links

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      • Section 3 Access between a CSD and another market infrastructure
        • Article 53 Access between a CSD and another market infrastructure

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  • TITLE IV PROVISION OF BANKING-TYPE ANCILLARY SERVICES FOR CSD PARTICIPANTS
    • Article 54 Authorisation and designation to provide banking-type ancillary services

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    • Article 55 Procedure for granting and refusing authorisation to provide banking-type ancillary services

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    • Article 56 Extension of the banking-type ancillary services

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    • Article 57 Withdrawal of authorisation

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    • Article 58 CSD register

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    • Article 59 Prudential requirements applicable to credit institutions or CSDs authorised to provide banking-type ancillary services

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    • Article 60 Supervision of designated credit institutions and CSDs authorised to provide banking-type ancillary services

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  • TITLE V SANCTIONS
    • Article 61 Administrative sanctions and other measures
    • Article 62 Publication of decisions
    • Article 63 Sanctions for infringements
    • Article 64 Effective application of sanctions
    • Article 65 Reporting of infringements
    • Article 66 Right of appeal
  • TITLE VI DELEGATION OF POWER, IMPLEMENTING POWERS, TRANSITIONAL, AMENDING AND FINAL PROVISIONS
    • Article 67 Exercise of the delegation
    • Article 68 Committee procedure
    • Article 69 Transitional provisions
    • Article 70 Amendments to Directive 98/26/EC
    • Article 71 Amendments to Directive 2014/65/EU
    • Article 72 Amendment to Regulation (EU) No 236/2012
    • Article 73 Application of Directive 2014/65/EU and Regulation (EU) No 600/2014
    • Article 74 Reports
    • Article 75 Review
    • Article 76 Entry into force and application
  • ANNEX

    Q&A