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Recital 44

Recital 44

(44)The Commission should be empowered to adopt, in accordance with Article 290 TFEU and with Articles 10 to 14 of Regulation (EU) No 1093/2010 and of Regulation (EU) No 1095/2010, regulatory technical standards developed by EBA and by ESMA with regard to: specifications of the mandatory buy-in process regarding the details of the pass-on mechanism, which types of transactions render the buy-in process unnecessary and how to take into account the specificities of retail investors when executing mandatory buy-ins; the information to be notified by third-country CSDs; the conditions for the activities of a CSD to be considered of substantial importance; the rules and procedures to be established by a CSD providing banking-type ancillary services; the details of the measuring, monitoring, management and reporting of the credit and liquidity risks by CSDs in relation to deferred net settlement; the threshold below which CSDs may use any credit institution to settle the cash payments; and the updated prudential requirements on liquidity and the rules and procedures on credit, liquidity and concentration risks in the case of CSDs authorised to provide banking-type ancillary services.

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