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Preamble
Recitals 81
Title I - SUBJECT MATTER, SCOPE AND DEFINITIONS (Article 1-2) 2
Title II - SECURITIES SETTLEMENT (Article 3-9) 8
Title III - CENTRAL SECURITIES DEPOSITORIES (Article 10-53) 50
- Chapter I - Authorisation and supervision of CSDs (Article 10-25) 18
  - Section 1 - Authorities responsible for authorisation and supervision of CSDs (Article 10-15) 6
    
    Article 10 - Competent authority
    
    Article 11 - Designation of the competent authority
    
    Article 12 - Relevant authorities
    
    Article 13 - Exchange of information
    
    Article 14 - Cooperation between authorities
    
    Article 15 - Emergency situations
  - Section 2 - Conditions and procedures for authorisation of CSDs (Article 16-21) 6
  - Section 3 - Supervision of CSDs (Article 22-22a) 2
  - Section 4 - Provision of services in another member state (Article 23-24a) 3
  - Section 5 - Relations with third countries (Article 25) 1
- Chapter II - Requirements for CSDs (Article 26-48) 27
- Chapter III - Access to CSDs (Article 49-53) 5
Title IV - PROVISION OF BANKING-TYPE ANCILLARY SERVICES FOR CSD PARTICIPANTS (Article 54-60) 7
Title V - SANCTIONS (Article 61-66) 6
Title VI - DELEGATION OF POWER, IMPLEMENTING POWERS, TRANSITIONAL, AMENDING AND FINAL PROVISIONS (Article 67-76) 9
Annexes 1
- Annex 1 - LIST OF SERVICES
Amending acts 4

Article 10 - Competent authority

Article 10

Competent authority

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Without prejudice to the oversight by the members of the ESCB referred to in Article 12(1), a CSD shall be authorised and supervised by the competent authority of its home Member State.

Official text · consolidated version 17/01/2026 (in force) Open full page ↗