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Article 3 - Role of the ECB and NCBs

Article 3
Role of the ECB and NCBs

1.The ECB, with the assistance of the NCBs, shall define the CSDB’s operational processes; compile the CSEC aggregate statistics; and produce output data, including output feed data.

2.In accordance with this Guideline, the NCBs shall:

(a)

provide input data on securities issued by residents in their Member States to the CSDB where they have such data readily available;

(b)

conduct the DQM of the data related to issuers resident in their Member States;

(c)

verify the CSEC aggregate statistics related to issuers resident in their Member States.

3.The ECB shall:

(a)

conduct the DQM of data related to issuers resident outside the euro area, unless a non-euro area NCB has accepted the responsibility to conduct DQM for data related to issuers resident in its Member State;

(b)

verify the CSEC aggregate statistics related to issuers resident outside the euro area, unless a non-euro area NCB has accepted the responsibility for verifying the CSEC aggregate statistics related to issuers resident in its Member State.

Official text · consolidated version 22/06/2022 (in force) Open full page ↗
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