emendrix

Art. 17

Central Securities Depositories Regulation · 32014R0909 · every event for this act · on EUR-Lex

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in force 2026-01-17 MODIFIED±0

Amended by Regulation (EU) 2023/2845 32023R2845

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in force 2024-05-01 MODIFIED

Amended by Regulation (EU) 2023/2845 32023R2845

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in force 2024-01-16 MODIFIED

Amended by Regulation (EU) 2023/2845 32023R2845

applies from: unchanged

Paragraph 2 now adds a derogation letting the competent authority grant authorisation to an applicant CSD that does not yet meet all requirements, conditioned on it having the necessary arrangements in place by the time it starts activities, whereas the earlier text contained no such derogation.

Paragraph 4 is expanded from a single provision allowing relevant authorities to inform the competent authority of their views into a detailed procedure involving reasoned opinions, a default positive opinion if none is given, a process for overriding a negative opinion, referral to ESMA, and requirements on the content of a negative opinion.

Two new provisions, 7a and 8a, are added: the first lets the competent authority also consult other authorities supervising an entity with a qualifying holding in the applicant CSD, and the second requires the competent authority to inform authorities consulted under paragraphs 4 to 7a of the outcome of the authorisation process, including any remedial actions.

Cited: Art. 17, v2 · Art. 17, v1

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