Updated 22/10/2024
In force

Version from: 01/05/2024
Amendments
There is currently no Level 2 legal act based on or specifying Article 16.
QA1c - CSDR
Status: Final
Updated: 23/03/2018
Art. 16
QA1231 - CSD questions - Authorisation of CSDs
Status: Final
Answered: 23/03/2018
Art. 16
QA2c - CSDR
Status: Final
Updated: 26/09/2018
Art. 16(4)
QA1232 - CSD questions - Organisational requirements (governance arrangements, record keeping, outsourcing, user committee)
Status: Final
Answered: 26/09/2018
Art. 16(4)
Rundschreiben 07/2019
Published: 16/08/2019
Art. 16(1)
Merkblatt Tatbestand des Kryptoverwahrgeschäfts
Updated: 25/09/2023
Published: 02/03/2020
Art. 16(1)
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CSDR ToolCentral Securities Depositories Regulation (CSDR)
Article 16

Article 16 - Authorisation of a CSD

Article 16

Authorisation of a CSD

1.  
Any legal person that falls within the definition of CSD shall obtain an authorisation from the competent authority of the Member State where it is established before commencing its activities.
2.  
The authorisation shall specify the core services listed in Section A of the Annex and non-banking-type ancillary services permitted under Section B of the Annex, which the CSD is authorised to provide.
3.  
A CSD shall comply at all times with the conditions necessary for authorisation.
4.  
A CSD as well as its independent auditors, shall, without undue delay, inform the competent authority of any substantive changes affecting the compliance with the conditions for authorisation.