default

Defined in Article 2, Regulation (EU) No 909/2014 (CSDR)

Definitions over time (2)

1. 16/01/2024 – today applies on 11/11/2026 Article 2, Regulation (EU) No 909/2014 (CSDR) Scope: Whole act

   For the purposes of this Regulation, the following definitions apply:

   ‘default’ means, in relation to a participant, a situation where insolvency proceedings, as defined in Article 2, point (j), of Directive 98/26/EC, are opened against a participant or an event defined in the CSD’s internal rules as constituting a default;

2. 01/07/2016 – 16/01/2024 Article 2, Regulation (EU) No 909/2014 (CSDR) Scope: Whole act

   For the purposes of this Regulation, the following definitions apply:

   ‘default’, in relation to a participant, means a situation where insolvency proceedings, as defined in point (j) of Article 2 of Directive 98/26/EC, are opened against a participant;

Used in (7 places in 4 provisions on 11/11/2026)

Regulation (EU) No 909/2014 (CSDR) (7 in 4)

Article 2² · Article 41³ · Article 43 · Article 59