What changes on 01/07/2016

The text in force from 17/09/2014 compared with the text from 01/07/2016, which includes the changes made by Regulation (EU) 2016/1033.

Read the act as of 01/07/2016 · other versions: 22/06/2022 · 16/01/2024 · 01/05/2024 · 17/01/2025 · 17/01/2026

Title I

• amended Article 1 - Subject matter and scope
• amended Article 2 - Definitions

Title II › Chapter I

• amended Article 3 - Book-entry form
• amended Article 4 - Enforcement

Title II › Chapter II

• amended Article 5 - Intended settlement date

Title II › Chapter III

• amended Article 6 - Measures to prevent settlement fails
• amended Article 7 - Measures to address settlement fails
• amended Article 8 - Enforcement

Title II › Chapter IV

• amended Article 9 - Settlement internalisers

Title III › Chapter I › Section 1

• amended Article 11 - Designation of the competent authority
• amended Article 12 - Relevant authorities
• amended Article 13 - Exchange of information
• amended Article 14 - Cooperation between authorities
• amended Article 15 - Emergency situations

Title III › Chapter I › Section 2

• amended Article 16 - Authorisation of a CSD
• amended Article 17 - Procedure for granting authorisation
• amended Article 18 - Effects of the authorisation
• amended Article 19 - Extension and outsourcing of activities and services
• amended Article 20 - Withdrawal of authorisation
• amended Article 21 - CSD register

Title III › Chapter I › Section 3

• amended Article 22 - Review and evaluation

Title III › Chapter I › Section 4

• amended Article 23 - Freedom to provide services in another Member State
• amended Article 24 - Cooperation between authorities of the home Member State and of the host Member State and peer review

Title III › Chapter I › Section 5

• amended Article 25 - Third countries

Title III › Chapter II › Section 1

• amended Article 26 - General provisions
• amended Article 27 - Senior management, management body and shareholders
• amended Article 28 - User committee
• amended Article 29 - Record keeping
• amended Article 30 - Outsourcing
• amended Article 31 - Services provided by parties other than CSDs

Title III › Chapter II › Section 2

• amended Article 32 - General provisions
• amended Article 33 - Requirements for participation
• amended Article 34 - Transparency

Title III › Chapter II › Section 3

• amended Article 37 - Integrity of the issue
• amended Article 38 - Protection of securities of participants and those of their clients
• amended Article 39 - Settlement finality
• amended Article 40 - Cash settlement
• amended Article 41 - Participant default rules and procedures

Title III › Chapter II › Section 4

• amended Article 43 - Legal risks
• amended Article 45 - Operational risks
• amended Article 46 - Investment policy
• amended Article 47 - Capital requirements

Title III › Chapter II › Section 5

• amended Article 48 - CSD links

Title III › Chapter III › Section 1

• amended Article 49 - Freedom to issue in a CSD authorised in the Union

Title III › Chapter III › Section 2

• amended Article 51 - Customised link access
• amended Article 52 - Procedure for CSD links

Title III › Chapter III › Section 3

• amended Article 53 - Access between a CSD and another market infrastructure

Title IV

• amended Article 54 - Authorisation and designation to provide banking-type ancillary services
• amended Article 55 - Procedure for granting and refusing authorisation to provide banking-type ancillary services
• amended Article 56 - Extension of the banking-type ancillary services
• amended Article 57 - Withdrawal of authorisation
• amended Article 58 - CSD register
• amended Article 59 - Prudential requirements applicable to credit institutions or CSDs authorised to provide banking-type ancillary services
• amended Article 60 - Supervision of designated credit institutions and CSDs authorised to provide banking-type ancillary services

Title V

• amended Article 61 - Administrative sanctions and other measures
• amended Article 62 - Publication of decisions
• amended Article 63 - Sanctions for infringements
• amended Article 64 - Effective application of sanctions
• amended Article 65 - Reporting of infringements

Title VI

• amended Article 67 - Exercise of the delegation
• amended Article 68 - Committee procedure
• amended Article 69 - Transitional provisions
• amended Article 70 - Amendments to Directive 98/26/EC
• amended Article 71 - Amendments to Directive 2014/65/EU
• amended Article 74 - Reports
• amended Article 76 - Entry into force and application

Outside any heading

• amended Annex 1 - LIST OF SERVICES