Commission Delegated Regulation (EU) 2017/392 of 11 November 2016 supplementing R... (32017R0392)
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Commission Delegated Regulation (EU) 2017/392 of 11 November 2016 supplementing Regulation (EU) No 909/2014 of the European Parliament and of the Council with regard to regulatory technical standards on authorisation, supervisory and operational requirements for central securities depositories (Text with EEA relevance. )
- COMMISSION DELEGATED REGULATION (EU) 2017/392
- of 11 November 2016
- supplementing Regulation (EU) No 909/2014 of the European Parliament and of the Council with regard to regulatory technical standards on authorisation, supervisory and operational requirements for central securities depositories
- (Text with EEA relevance)
- CHAPTER I
- Article 1
- Definitions
- CHAPTER II
- (Article 12(1)(b) and (c) of Regulation (EU) No 909/2014)
- Article 2
- Determination of most relevant currencies
- Article 3
- Practical arrangements for the consultation of the relevant authorities referred to in Article 12(1)(b) and (c) of Regulation (EU) No 909/2014
- CHAPTER III
- (Article 17 of Regulation (EU) No 909/2014)
- Article 4
- Identification and legal status of applicant CSDs
- Article 5
- General information concerning policies and procedures
- Article 6
- Information concerning services and activities of the CSD
- Article 7
- Information concerning groups
- Article 8
- Financial reports, business plan, and recovery plan
- Article 9
- Organisational chart
- Article 10
- Staffing policies and procedures
- Article 11
- Risk monitoring tools and governance arrangements
- Article 12
- Compliance, internal control and internal audit functions
- Article 13
- Senior management, management body and shareholders
- Article 14
- Management of conflicts of interest
- Article 15
- Confidentiality
- Article 16
- User committee
- Article 17
- Record-keeping
- Article 18
- Goals and objectives
- Article 19
- Handling of complaints
- Article 20
- Requirements for participation
- Article 21
- Transparency
- Article 22
- Communication procedures with participants and other market infrastructures
- Article 23
- Book-entry form
- Article 24
- Intended settlement dates and measures for preventing and addressing settlement fails
- Article 25
- Integrity of the issue
- Article 26
- Protection of participants' and their clients' securities
- Article 27
- Settlement finality
- Article 28
- Cash settlement
- Article 29
- Participant default rules and procedures
- Article 30
- Transfer of participants and clients' assets in case of a withdrawal of authorisation
- Article 31
- Legal risks
- Article 32
- General business risks
- Article 33
- Operational risks
- Article 34
- Investment policy
- Article 35
- Capital requirements
- Article 36
- CSD links
- Article 37
- Access rules
- Article 38
- Request for additional information
- CHAPTER IV
- (Article 18(3) of Regulation (EU) No 909/2014)
- Article 39
- Criteria for participation of a CSD
- CHAPTER V
- (Article 22 of Regulation (EU) No 909/2014)
- Article 40
- Information to be provided to the competent authority
- Article 41
- Periodic information relevant for the reviews
- Article 42
- Statistical data to be delivered for each review and evaluation
- Article 43
- Other information
- Article 44
- Information to be supplied to the authorities referred to in Article 22(7) of Regulation (EU) No 909/2014
- Article 45
- Exchange of information between the competent authorities referred to in Article 22(8) of Regulation (EU) No 909/2014
- CHAPTER VI
- (Article 25(6) of Regulation (EU) No 909/2014)
- Article 46
- Content of the application
- CHAPTER VII
- (Article 26(1) to (7) of Regulation (EU) No 909/2014)
- Article 47
- Risk monitoring tools of CSDs
- Article 48
- Risk monitoring committees
- Article 49
- Responsibilities of key personnel in respect to the risks
- Article 50
- Conflicts of interest
- Article 51
- Audit methods
- Article 52
- Sharing audit findings with the user committee
- CHAPTER VIII
- (Article 29(3) of Regulation (EU) No 909/2014)
- Article 53
- General requirements
- Article 54
- Transaction/settlement instruction (Flow) records
- Article 55
- Position (Stock) records
- Article 56
- Ancillary Services Records
- Article 57
- Business Records
- Article 58
- Additional records
- CHAPTER IX
- (Article 37(4) of Regulation (EU) No 909/2014)
- Article 59
- General reconciliation measures
- Article 60
- Reconciliation measures for corporate actions
- Article 61
- Reconciliation measures for the registrar model
- Article 62
- Reconciliation measures for the transfer agent model
- Article 63
- Reconciliation measures for the common depository model
- Article 64
- Additional measures where other entities are involved in the reconciliation process
- Article 65
- Problems related to reconciliation
- CHAPTER X
- (Article 45(1) to (6) of Regulation (EU) No 909/2014)
- Article 66
- General operational risks and their assessment
- Article 67
- Operational risks that may be posed by key participants
- Article 68
- Operational risks that may be posed by critical utilities and critical service providers
- Article 69
- Operational risks that may be posed by other CSDs or market infrastructures
- Article 70
- Operational risk-management system and framework
- Article 71
- Integration of and compliance with the operational and enterprise risk-management system
- Article 72
- Operational risk-management function
- Article 73
- Audit and testing
- Article 74
- Mitigation of operational risk through insurance
- Article 75
- IT tools
- Article 76
- Strategy and policy
- Article 77
- Business impact analysis
- Article 78
- Disaster recovery
- Article 79
- Testing and monitoring
- Article 80
- Maintenance
- CHAPTER XI
- (Article 46(2), (3) and (5) of Regulation (EU) No 909/2014)
- Article 81
- Highly liquid instruments with minimal market and credit risk
- Article 82
- Appropriate timeframe for access to assets
- Article 83
- Concentration limits to individual entities
- CHAPTER XII
- (Article 48(3), (5), (6) and (7) of Regulation (EU) No 909/2014)
- Article 84
- Conditions for the adequate protection of linked CSDs and of their participants
- Article 85
- Monitoring and management of additional risks resulting from the use of indirect links or intermediaries to operate CSD links
- Article 86
- Reconciliation procedures for linked CSDs
- Article 87
- DVP settlement through CSD links
- CHAPTER XIII
- (Articles 33(5), 49(5), 52(3) and 53(4) of Regulation (EU) No 909/2014)
- Article 88
- Receiving and requesting parties
- (Articles 33(3), 49(3), 52(2) and 53(3) of Regulation (EU) No 909/2014)
- Article 89
- Risks to be taken into account by CSDs and competent authorities
- (Articles 33(3), 49(4), 52(2) and 53(3) of Regulation (EU) No 909/2014)
- Article 90
- Procedure
- CHAPTER XIV
- (Article 55(1) and (2) of Regulation (EU) No 909/2014)
- Article 91
- CSDs offering banking-type ancillary services themselves
- Article 92
- CSDs offering banking-type ancillary services through a designated credit institution
- Article 93
- Specific requirements
- Article 94
- Standard forms and templates for the application
- CHAPTER XV
- Article 95
- Transitional provisions
- Article 96
- Entry into force and application
- ANNEX I
- (Article 25(12) of Regulation (EU) No 909/2014)
- ANNEX II
- (Article 29 of Regulation (EU) No 909/2014)
- ANNEX III
- (Article 55 of Regulation (EU) No 909/2014)
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