Updated 05/02/2025
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CSDR ToolCentral Securities Depositories Regulation (CSDR)
Article 71

Article 71 - Regulation 909/2014 (CSDR)

Article 71

Amendments to Directive 2014/65/EU

Directive 2014/65/EU is amended as follows:

(1)

in Article 2(1), point (o) is replaced by the following:

‘(o)

CSDs except as provided for in Article 73 of Regulation (EU) No 909/2014 of the European Parliament and of the Council (*1).

(*1)  Regulation (EU) No 909/2014 of the European Parliament and of the Council of 23 July 2014 on improving securities settlement in the European Union and on central securities depositories and amending Directives 98/26/EC and 2014/65/EU and Regulation (EU) No 236/2012 (OJ L 257, 28.8.2014, p. 1).’;"

(2)

in Article 4(1), the following point is added:

‘(64)

‘central securities depository’ or ‘CSD’ means a central securities depository as defined in point (1) of Article 2(1) of Regulation (EU) No 909/2014.’;

(3)

in Section B of Annex I, point (1) is replaced by the following:

‘(1)

 Safekeeping and administration of financial instruments for the account of clients, including custodianship and related services such as cash/collateral management and excluding providing and maintaining securities accounts at the top tier level (‘central maintenance service’) referred to in point (2) of Section A of the Annex to the Regulation (EU) No 909/2014.’.