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
- Chapter II - Requirements for CSDs (Article 26-48) 27
  - Section 1 - Organisational requirements (Article 26-31) 9
    
    Article 26 - General provisions
    
    Article 27 - Senior management, management body and shareholders
    
    Article 27a - Information to competent authorities
    
    Article 27b - Assessment
    
    Article 27c - Derogation for CSDs providing banking-type ancillary services
    
    Article 28 - User committee
    
    Article 29 - Record keeping
    
    Article 30 - Outsourcing
    
    Article 31 - Services provided by parties other than CSDs
  - Section 2 - Conduct of business rules (Article 32-35) 4
  - Section 3 - Requirements for CSD services (Article 36-41) 6
  - Section 4 - Prudential requirements (Article 42-47a) 7
  - Section 5 - Requirements for CSD links (Article 48) 1
- 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 27c - Derogation for CSDs providing banking-type ancillary services

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Article 27c

Derogation for CSDs providing banking-type ancillary services

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Articles 27a and 27b shall not apply to a CSD which has been authorised pursuant to Article 54(3) and is subject to Directive 2013/36/EU.

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