1.   A CSD shall have immediate and unconditional access to cash assets.

2.   A CSD shall have access to financial instruments on the same business day when a decision to liquidate the financial instruments is taken.

3.   For the purposes of paragraph 1 and 2, the CSD shall put in place procedures ensuring that the CSD is able to access cash and financial instruments within the time frames set out therein. The CSD shall inform the competent authority of any change to those procedures in accordance with Article 16(4) of Regulation (EU) No 909/2014 and shall obtain its validation before implementing that change.