Article 42 | CSDR | Regulation 909/2014

Updated 22/10/2024

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In force

Version from: 01/05/2024

Amendments

Level 2 legal acts

There is currently no Level 2 legal act based on or specifying Article 42.

Article 42 - General requirements

Article 42

General requirements

A CSD shall adopt a sound risk-management framework for comprehensively managing legal, business, operational and other direct or indirect risks, including measures to mitigate fraud and negligence.

Recitals

TITLE I - SUBJECT MATTER, SCOPE AND DEFINITIONS (Article 1-2)

TITLE II - SECURITIES SETTLEMENT (Article 3-9)

TITLE III - CENTRAL SECURITIES DEPOSITORIES (Article 10-53)

CHAPTER I - Authorisation and supervision of CSDs (Article 10-25)

CHAPTER II - Requirements for CSDs (Article 26-48)

Section 1 - Organisational requirements (Article 26-31)

Section 2 - Conduct of business rules (Article 32-35)

Section 3 - Requirements for CSD services (Article 36-41)

Section 4 - Prudential requirements (Article 42-47a)Article 42 - General requirements GL Article 43 - Legal risks Article 44 - General business risk GL Article 45 - Operational risks RTSQ&AGL Article 46 - Investment policy RTSQ&A Article 47 - Capital requirements RTSQ&A Article 47a - Deferred net settlement

Section 5 - Requirements for CSD links (Article 48)

CHAPTER III - Access to CSDs (Article 49-53)

TITLE IV - PROVISION OF BANKING-TYPE ANCILLARY SERVICES FOR CSD PARTICIPANTS (Article 54-60)

TITLE V - SANCTIONS (Article 61-66)

TITLE VI - DELEGATION OF POWER, IMPLEMENTING POWERS, TRANSITIONAL, AMENDING AND FINAL PROVISIONS (Article 67-76)

ANNEX RTSDAQ&A

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Article 42 - General requirements

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