# Instrument Metadata
# Output tuned for LLM consumption -- deterministic parse of the
# EUR-Lex source, no LLM involved in generation.

instrument_id: csdr
celex: "32014R0909"
eli: "http://data.europa.eu/eli/reg/2014/909/oj"
full_title: Central Securities Depositories Regulation (EU) No 909/2014
short_title: CSDR
instrument_type: regulation
document_type: regulation
normative_weight: binding
jurisdiction: EU
effective_period:
  from: "2014-09-17"
  to: null
dates:
  adopted: "2014-07-23"
  entered_into_force: "2014-09-17"
status: in_force
legal_status: in_force
structure_levels:
  - title
  - chapter
  - article
total_articles: 82
total_recitals: 0
total_annexes: 1
definitions_article: 2
chunk_strategy: by_chapter
chunks:
  - /csdr/chunks/csdr_t01_subject_matter_scope_and_definitions.md
  - /csdr/chunks/csdr_t02_ch01_book_entry_form.md
  - /csdr/chunks/csdr_t02_ch02_settlement_periods.md
  - /csdr/chunks/csdr_t02_ch03_settlement_discipline.md
  - /csdr/chunks/csdr_t02_ch04_internalised_settlement.md
  - /csdr/chunks/csdr_t03_ch01_authorisation_and_supervision_of_csds.md
  - /csdr/chunks/csdr_t03_ch02_p1_requirements_for_csds_part_1.md
  - /csdr/chunks/csdr_t03_ch02_p2_requirements_for_csds_part_2.md
  - /csdr/chunks/csdr_t03_ch03_access_to_csds.md
  - /csdr/chunks/csdr_t04_provision_of_banking_type_ancillary_serv.md
  - /csdr/chunks/csdr_t05_sanctions.md
  - /csdr/chunks/csdr_t06_delegation_of_power_implementing_powers_.md
  - /csdr/chunks/annexes.md
key_dates:
  - date: "2014-07-23"
    type: lifecycle
    context: "Adopted"
  - date: "2014-09-17"
    type: lifecycle
    context: "Entered into force"
  - date: "2014-12-16"
    type: deadline
    article: "58"
    context: "…provide banking-type ancillary services according to requirements of national law by 16 December 2014."
  - date: "2014-12-16"
    type: deadline
    article: "69"
    context: "…authorities shall communicate to ESMA those institutions that operate as CSDs by 16 December 2014. 2. CSDs shall apply for all…"
  - date: "2015-01-01"
    type: application
    article: "76"
    context: "…from 1 January 2025 to all transferable securities. 3. Article 5(2) shall apply from 1 January 2015. By way of derogation from the first…"
  - date: "2015-03-18"
    type: deadline
    article: "70"
    context: "…the rules of the system.’; (2) in Article 11, the following paragraph is added: ‘3. By 18 March 2015, Member States shall adopt and…"
  - date: "2015-06-18"
    type: deadline
    article: "12"
    context: "…ESMA shall submit those draft regulatory technical standards to the Commission by 18 June 2015. Power is delegated to the Commission…"
  - date: "2015-06-18"
    type: deadline
    article: "17"
    context: "…ESMA shall submit those draft regulatory technical standards to the Commission by 18 June 2015. Power is delegated to the Commission…"
  - date: "2015-06-18"
    type: deadline
    article: "18"
    context: "…ESMA shall submit those draft regulatory technical standards to the Commission by 18 June 2015. Power is delegated to the Commission…"
  - date: "2015-06-18"
    type: deadline
    article: "25"
    context: "…6. ESMA shall submit those draft regulatory technical standards to the Commission by 18 June 2015. Power is delegated to the Commission…"
  - date: "2015-06-18"
    type: deadline
    article: "26"
    context: "…6. ESMA shall submit those draft regulatory technical standards to the Commission by 18 June 2015. Power is delegated to the Commission…"
  - date: "2015-06-18"
    type: deadline
    article: "29"
    context: "…ESMA shall submit those draft regulatory technical standards to the Commission by 18 June 2015. Power is delegated to the Commission…"
  - date: "2015-06-18"
    type: deadline
    article: "33"
    context: "…3. ESMA shall submit those draft regulatory technical standards to the Commission by 18 June 2015. Power is delegated to the Commission…"
  - date: "2015-06-18"
    type: deadline
    article: "37"
    context: "…3. ESMA shall submit those draft regulatory technical standards to the Commission by 18 June 2015. Power is delegated to the Commission…"
  - date: "2015-06-18"
    type: deadline
    article: "46"
    context: "…ESMA shall submit those draft regulatory technical standards to the Commission by 18 June 2015. Power is delegated to the Commission…"
  - date: "2015-06-18"
    type: deadline
    article: "47"
    context: "…1. EBA shall submit those draft regulatory technical standards to the Commission by 18 June 2015. Power is delegated to the Commission…"
  - date: "2015-06-18"
    type: deadline
    article: "49"
    context: "…4. ESMA shall submit those draft regulatory technical standards to the Commission by 18 June 2015. Power is delegated to the Commission…"
  - date: "2015-06-18"
    type: deadline
    article: "52"
    context: "…2. ESMA shall submit those draft regulatory technical standards to the Commission by 18 June 2015. Power is delegated to the Commission…"
  - date: "2015-06-18"
    type: deadline
    article: "53"
    context: "…3. ESMA shall submit those draft regulatory technical standards to the Commission by 18 June 2015. Power is delegated to the Commission…"
  - date: "2015-06-18"
    type: deadline
    article: "54"
    context: "…(d). EBA shall submit those draft regulatory technical standards to the Commission by 18 June 2015. Power is delegated to the Commission…"
  - date: "2015-06-18"
    type: deadline
    article: "55"
    context: "…ESMA shall submit those draft regulatory technical standards to the Commission by 18 June 2015. Power is delegated to the Commission…"
  - date: "2015-06-18"
    type: deadline
    article: "9"
    context: "…1. ESMA shall submit those draft implementing technical standards to the Commission by 18 June 2015. Power is conferred on the Commission…"
  - date: "2015-06-18"
    type: review
    article: "24"
    context: "…5. ESMA shall submit those draft implementing technical standards to the Commission by 18 June 2015. Power is conferred on the Commission…"
  - date: "2015-06-18"
    type: review
    article: "45"
    context: "…ESMA shall submit those draft regulatory technical standards to the Commission by 18 June 2015. Power is delegated to the Commission…"
  - date: "2015-06-18"
    type: review
    article: "48"
    context: "…ESMA shall submit those draft regulatory technical standards to the Commission by 18 June 2015. Powers is delegated to the…"
  - date: "2016-01-01"
    type: lifecycle
    article: "76"
    context: "…a CSD outsources its activities to the relevant public entity, and in any event from 1 January 2016. 4. The settlement discipline…"
  - date: "2016-09-18"
    type: deadline
    article: "61"
    context: "…in that subparagraph are already subject to criminal sanctions in their national law by 18 September 2016. Where they so decide, Member States…"
  - date: "2018-01-03"
    type: deadline
    article: "76"
    context: "…this Regulation to Directive 2014/65/EU and Regulation (EU) No 600/2014 shall, before 3 January 2018, be read as references to Directive…"
  - date: "2018-06-13"
    type: deadline
    article: "76"
    context: "…an MTF has not applied for registration under Article 33 of Directive 2014/65/EU, until 13 June 2018. 6. The reporting measures referred…"
  - date: "2019-09-18"
    type: deadline
    article: "48"
    context: "…rules concerning the moment of finality of transfers of securities and cash. 9. By 18 September 2019 all interoperable links between CSDs…"
  - date: "2023-01-01"
    type: application
    article: "76"
    context: "…in the Official Journal of the European Union. 2. Article 3(1) shall apply from 1 January 2023 to transferable securities issued…"
  - date: "2024-01-16"
    type: deadline
    article: "69"
    context: "…application for recognition in accordance with Article 25(4), (5) and (6) before 16 January 2024 but ESMA has not issued a decision in…"
  - date: "2025-01-01"
    type: lifecycle
    article: "76"
    context: "…apply from 1 January 2023 to transferable securities issued after that date and from 1 January 2025 to all transferable securities. 3.…"
  - date: "2025-01-17"
    type: deadline
    article: "24a"
    context: "…ESMA shall submit those draft regulatory technical standards to the Commission by 17 January 2025. Power is delegated to the Commission…"
  - date: "2025-01-17"
    type: deadline
    article: "25"
    context: "…year. ESMA shall submit those draft regulatory technical standards to the Commission by 17 January 2025. Power is delegated to the Commission…"
  - date: "2025-01-17"
    type: deadline
    article: "26"
    context: "…EBA shall submit those draft regulatory technical standards to the Commission by 17 January 2025. Power is delegated to the Commission…"
  - date: "2025-01-17"
    type: deadline
    article: "47a"
    context: "…ESMA shall submit those draft regulatory technical standards to the Commission by 17 January 2025. Power is delegated to the Commission…"
  - date: "2025-01-17"
    type: deadline
    article: "49"
    context: "…the second subparagraph. Competent authorities shall communicate that list to ESMA by 17 January 2025. ESMA shall publish that list by 17…"
  - date: "2025-01-17"
    type: deadline
    article: "54"
    context: "…Union. EBA shall submit those draft regulatory technical standards to the Commission by 17 January 2025. Power is delegated to the Commission…"
  - date: "2025-01-17"
    type: deadline
    article: "59"
    context: "…EBA shall submit those draft regulatory technical standards to the Commission by 17 January 2025. Power is delegated to the Commission…"
  - date: "2025-01-17"
    type: deadline
    article: "69"
    context: "…on the authorisation of CSDs and of their activities, including CSD links, or until 17 January 2025, whichever is earlier. 4a. The…"
  - date: "2025-01-17"
    type: deadline
    article: "7"
    context: "…7. ESMA shall submit those draft regulatory technical standards to the Commission by 17 January 2025. Power is delegated to the Commission…"
  - date: "2025-01-17"
    type: deadline
    article: "7a"
    context: "…11. ESMA shall submit those draft regulatory technical standards to the Commission by 17 January 2025. Power is delegated to the Commission…"
  - date: "2025-01-17"
    type: review
    article: "22"
    context: "…ESMA shall submit those draft regulatory technical standards to the Commission by 17 January 2025. Power is delegated to the Commission…"
  - date: "2025-01-17"
    type: review
    article: "74"
    context: "…with the periodicity set out in the first subparagraph of this paragraph. 3. By 17 January 2025 and every two years thereafter, ESMA,…"
  - date: "2025-02-17"
    type: deadline
    article: "49"
    context: "…shall communicate that list to ESMA by 17 January 2025. ESMA shall publish that list by 17 February 2025. Member States shall regularly, and…"
  - date: "2025-07-17"
    type: deadline
    article: "6"
    context: "…4. ESMA shall submit those draft regulatory technical standards to the Commission by 17 July 2025. Power is delegated to the Commission…"
  - date: "2026-01-17"
    type: deadline
    article: "69"
    context: "…the law of a Member State referred to in Article 49(1) second subparagraph, before 17 January 2026 shall submit the notification…"
  - date: "2026-01-17"
    type: deadline
    article: "7"
    context: "…acceptable having regard to the impact on the financial stability of the Union. 6. By 17 January 2026, ESMA shall publish and keep updated…"
  - date: "2026-01-17"
    type: review
    article: "74"
    context: "…inform the Commission thereof and shall not be required to provide a report. 7. By 17 January 2026, EBA, in close cooperation with the…"
  - date: "2027-01-17"
    type: deadline
    article: "69"
    context: "…on the recognition of the third-country CSDs and of their activities, or until 17 January 2027, whichever is earlier. A…"
  - date: "2029-01-17"
    type: review
    article: "75"
    context: "By 17 January 2029, the Commission shall review and…"

generated_at: "2026-10-05T22:50:41.950Z"

articles:
  - article_number: 1
    article_title: Subject matter and scope
    chunk_file: /csdr/chunks/csdr_t01_subject_matter_scope_and_definitions.md
    path: "Title I > Article 1"
    applies_to_entities:
      - member_states
      - competent_authorities
    topics:
      - settlement
      - financial_markets
      - scope
      - general_provisions
      - definitions
      - governance
    keywords:
      - access
      - settlement
      - csd
      - financial instruments
      - securities
      - management body
    contains:
      obligations: false
      prohibitions: false
      permissions: false
      definitions: false
      penalties: false
      delegated_powers: false
      implementing_powers: false
      rts_mandate: false
      its_mandate: false
      transitional: false
    internal_references:
      - target: Article 10
      - target: Article 11
      - target: Article 12
      - target: Article 13
      - target: Article 14
      - target: Article 15
      - target: Article 16
      - target: Article 17
      - target: Article 18
      - target: Article 19
      - target: Article 20
      - target: Article 28
        paragraph: "6"
      - target: Article 30
        paragraph: "4"
      - target: Article 46
      - target: Article 47
    external_references: []
    recitals: []

  - article_number: 2
    article_title: Definitions
    chunk_file: /csdr/chunks/csdr_t01_subject_matter_scope_and_definitions.md
    path: "Title I > Article 2"
    applies_to_entities:
      - member_states
      - competent_authorities
    topics:
      - settlement
      - financial_markets
      - scope
      - general_provisions
      - definitions
      - authorisation
      - counterparty_credit_risk
      - investment_funds
      - trading_venues
      - derivatives_clearing
      - governance
    keywords:
      - transaction
      - transfer
      - data
      - access
      - third party
      - agent
      - branch
      - settlement
      - system
      - central securities depository
      - csd
      - third-country csd
      - immobilisation
      - dematerialised form
      - receiving csd
      - requesting csd
      - financial instruments
      - securities
      - transfer order
      - securities settlement system
    contains:
      obligations: true
      prohibitions: false
      permissions: true
      definitions: true
      penalties: false
      delegated_powers: true
      implementing_powers: false
      rts_mandate: false
      its_mandate: false
      transitional: false
    internal_references:
      - target: Article 11
      - target: Article 12
      - target: Article 67
    external_references:
      - instrument_type: directive
        reference: "2014/65/EU"
      - instrument_type: directive
        reference: "98/26/EC"
      - instrument_type: directive
        reference: "2013/36/EU"
      - instrument_type: directive
        reference: "2014/65"
      - instrument_type: regulation
        reference: "648/2012"
      - instrument_type: directive
        reference: "2013/34/EU"
      - instrument_type: directive
        reference: "2013/34/EU"
      - instrument_type: directive
        reference: "2013/34/EU"
      - instrument_type: directive
        reference: "98/26/EC"
      - instrument_type: directive
        reference: "2014/65/EU"
      - instrument_type: directive
        reference: "2014/65/EU"
      - instrument_type: directive
        reference: "2014/65/EU"
      - instrument_type: directive
        reference: "2014/65/EU"
      - instrument_type: directive
        reference: "2014/65/EU"
      - instrument_type: directive
        reference: "2014/65/EU"
      - instrument_type: directive
        reference: "2013/34/EU"
      - instrument_type: directive
        reference: "2014/65/EU"
    recitals: []

  - article_number: 3
    article_title: Book-entry form
    chunk_file: /csdr/chunks/csdr_t02_ch01_book_entry_form.md
    path: "Title II > Chapter I > Article 3"
    applies_to_entities: []
    topics:
      - settlement
      - financial_markets
      - trading_venues
    keywords:
      - transaction
      - transfer
      - settlement
      - csd
      - immobilisation
      - dematerialised form
      - securities
      - intended settlement date
      - transferable securities
      - trading venue
    contains:
      obligations: true
      prohibitions: false
      permissions: false
      definitions: false
      penalties: false
      delegated_powers: false
      implementing_powers: false
      rts_mandate: false
      its_mandate: false
      transitional: false
    internal_references: []
    external_references: []
    recitals: []

  - article_number: 4
    article_title: Enforcement
    chunk_file: /csdr/chunks/csdr_t02_ch01_book_entry_form.md
    path: "Title II > Chapter I > Article 4"
    applies_to_entities:
      - member_states
      - competent_authorities
    topics:
      - settlement
      - financial_markets
    keywords:
      - supervision
      - transfer
      - securities
      - trading venue
    contains:
      obligations: true
      prohibitions: false
      permissions: false
      definitions: false
      penalties: false
      delegated_powers: false
      implementing_powers: false
      rts_mandate: false
      its_mandate: false
      transitional: false
    internal_references:
      - target: Article 3
        paragraph: "1"
      - target: Article 3
        paragraph: "2"
    external_references: []
    recitals: []

  - article_number: 5
    article_title: Intended settlement date
    chunk_file: /csdr/chunks/csdr_t02_ch02_settlement_periods.md
    path: "Title II > Chapter II > Article 5"
    applies_to_entities:
      - competent_authorities
    topics:
      - settlement
      - financial_markets
      - payment_systems
      - competent_authorities
      - investment_funds
      - trading_venues
    keywords:
      - supervision
      - transaction
      - transfer
      - third party
      - settlement
      - system
      - securities
      - securities settlement system
      - intended settlement date
      - business day
      - participant
      - transferable securities
      - money-market instruments
      - units in collective investment undertakings
      - emission allowance
      - trading venue
    contains:
      obligations: true
      prohibitions: true
      permissions: false
      definitions: false
      penalties: false
      delegated_powers: false
      implementing_powers: false
      rts_mandate: false
      its_mandate: false
      transitional: false
    internal_references:
      - target: Article 3
        paragraph: "2"
    external_references: []
    recitals: []

  - article_number: 6
    article_title: Measures to prevent settlement fails
    chunk_file: /csdr/chunks/csdr_t02_ch03_settlement_discipline.md
    path: "Title II > Chapter III > Article 6"
    applies_to_entities:
      - european_commission
    topics:
      - settlement
      - financial_markets
      - payment_systems
      - authorisation
    keywords:
      - transaction
      - settlement
      - system
      - guidelines
      - csd
      - financial instruments
      - securities
      - securities settlement system
      - intended settlement date
      - settlement fail
      - participant
      - trading venue
    contains:
      obligations: true
      prohibitions: false
      permissions: false
      definitions: false
      penalties: false
      delegated_powers: true
      implementing_powers: false
      rts_mandate: true
      its_mandate: false
      transitional: false
    internal_references:
      - target: Article 5
        paragraph: "1"
    external_references:
      - instrument_type: directive
        reference: "2014/65/EU"
      - instrument_type: directive
        reference: "2014/65"
      - instrument_type: regulation
        reference: "1095/2010"
      - instrument_type: regulation
        reference: "1095/2010"
    recitals: []

  - article_number: 7
    article_title: Measures to address settlement fails
    chunk_file: /csdr/chunks/csdr_t02_ch03_settlement_discipline.md
    path: "Title II > Chapter III > Article 7"
    applies_to_entities:
      - competent_authorities
      - european_commission
    topics:
      - settlement
      - financial_markets
      - payment_systems
      - data_protection
      - competent_authorities
      - trading_venues
    keywords:
      - penalty
      - transaction
      - data
      - settlement
      - system
      - csd
      - financial instruments
      - securities
      - securities settlement system
      - intended settlement date
      - business day
      - settlement fail
      - ccp
      - competent authority
      - participant
      - shares
      - trading venue
    contains:
      obligations: true
      prohibitions: true
      permissions: true
      definitions: false
      penalties: true
      delegated_powers: true
      implementing_powers: false
      rts_mandate: true
      its_mandate: false
      transitional: false
    internal_references:
      - target: Article 5
        paragraph: "1"
      - target: Article 67
    external_references:
      - instrument_type: regulation
        reference: "2016/679"
      - instrument_type: regulation
        reference: "1095/2010"
      - instrument_type: regulation
        reference: "1095/2010"
    recitals: []

  - article_number: 7a
    article_title: Mandatory buy-in process
    chunk_file: /csdr/chunks/csdr_t02_ch03_settlement_discipline.md
    path: "Title II > Chapter III > Article 7a"
    applies_to_entities:
      - european_commission
    topics:
      - settlement
      - financial_markets
      - payment_systems
      - refunds
      - trading_venues
      - committee_procedure
      - implementing_acts
    keywords:
      - penalty
      - transaction
      - settlement
      - system
      - csd
      - financial instruments
      - securities
      - intended settlement date
      - business day
      - settlement fail
      - ccp
      - participant
      - shares
      - trading venue
      - sme growth market
    contains:
      obligations: true
      prohibitions: true
      permissions: true
      definitions: true
      penalties: true
      delegated_powers: true
      implementing_powers: true
      rts_mandate: true
      its_mandate: false
      transitional: true
    internal_references:
      - target: Article 7
        paragraph: "2"
      - target: Article 74
        paragraph: "4"
      - target: Article 5
        paragraph: "1"
      - target: Article 7
        paragraph: "5"
      - target: Article 68
        paragraph: "2"
      - target: Article 7
        paragraph: "3"
      - target: Article 68
        paragraph: "3"
    external_references:
      - instrument_type: regulation
        reference: "600/2014"
      - instrument_type: regulation
        reference: "1095/2010"
      - instrument_type: regulation
        reference: "1095/2010"
    recitals: []

  - article_number: 8
    article_title: Enforcement
    chunk_file: /csdr/chunks/csdr_t02_ch03_settlement_discipline.md
    path: "Title II > Chapter III > Article 8"
    applies_to_entities:
      - member_states
      - competent_authorities
    topics:
      - settlement
      - financial_markets
      - payment_systems
      - competent_authorities
      - enforcement
    keywords:
      - supervision
      - settlement
      - system
      - guidelines
      - csd
      - financial instruments
      - securities
      - securities settlement system
      - ccp
      - competent authority
      - relevant authority
      - trading venue
    contains:
      obligations: true
      prohibitions: true
      permissions: true
      definitions: false
      penalties: true
      delegated_powers: false
      implementing_powers: false
      rts_mandate: false
      its_mandate: false
      transitional: false
    internal_references:
      - target: Article 6
      - target: Article 7
    external_references:
      - instrument_type: regulation
        reference: "1095/2010"
    recitals: []

  - article_number: 9
    article_title: Settlement internalisers
    chunk_file: /csdr/chunks/csdr_t02_ch04_internalised_settlement.md
    path: "Title II > Chapter IV > Article 9"
    applies_to_entities:
      - competent_authorities
      - european_commission
    topics:
      - settlement
      - financial_markets
      - payment_systems
      - competent_authorities
    keywords:
      - transaction
      - settlement
      - system
      - reporting
      - securities
      - securities settlement system
      - settlement internaliser
    contains:
      obligations: true
      prohibitions: false
      permissions: true
      definitions: false
      penalties: false
      delegated_powers: true
      implementing_powers: false
      rts_mandate: true
      its_mandate: true
      transitional: false
    internal_references: []
    external_references:
      - instrument_type: regulation
        reference: "1095/2010"
      - instrument_type: regulation
        reference: "1095/2010"
    recitals: []

  - article_number: 10
    article_title: Competent authority
    chunk_file: /csdr/chunks/csdr_t03_ch01_authorisation_and_supervision_of_csds.md
    path: "Title III > Chapter I > Section 1 > Article 10"
    applies_to_entities:
      - member_states
      - competent_authorities
    topics:
      - settlement
      - financial_markets
      - authorisation
      - supervision
    keywords:
      - csd
      - competent authority
      - home member state
    contains:
      obligations: true
      prohibitions: false
      permissions: false
      definitions: false
      penalties: false
      delegated_powers: false
      implementing_powers: false
      rts_mandate: false
      its_mandate: false
      transitional: false
    internal_references:
      - target: Article 12
        paragraph: "1"
    external_references: []
    recitals: []

  - article_number: 11
    article_title: Designation of the competent authority
    chunk_file: /csdr/chunks/csdr_t03_ch01_authorisation_and_supervision_of_csds.md
    path: "Title III > Chapter I > Section 1 > Article 11"
    applies_to_entities:
      - member_states
      - competent_authorities
    topics:
      - settlement
      - financial_markets
      - authorisation
      - supervision
      - competent_authorities
    keywords:
      - authorisation
      - supervision
      - EBA
      - csd
      - competent authority
    contains:
      obligations: true
      prohibitions: false
      permissions: false
      definitions: false
      penalties: false
      delegated_powers: false
      implementing_powers: false
      rts_mandate: false
      its_mandate: false
      transitional: false
    internal_references: []
    external_references: []
    recitals: []

  - article_number: 12
    article_title: Relevant authorities
    chunk_file: /csdr/chunks/csdr_t03_ch01_authorisation_and_supervision_of_csds.md
    path: "Title III > Chapter I > Section 1 > Article 12"
    applies_to_entities:
      - credit_institutions
      - member_states
      - european_commission
    topics:
      - settlement
      - financial_markets
      - authorisation
      - supervision
    keywords:
      - authorisation
      - supervision
      - settlement
      - system
      - csd
      - securities
      - securities settlement system
    contains:
      obligations: true
      prohibitions: false
      permissions: false
      definitions: false
      penalties: false
      delegated_powers: true
      implementing_powers: false
      rts_mandate: true
      its_mandate: false
      transitional: false
    internal_references: []
    external_references:
      - instrument_type: regulation
        reference: "1095/2010"
      - instrument_type: regulation
        reference: "1095/2010"
    recitals: []

  - article_number: 13
    article_title: Exchange of information
    chunk_file: /csdr/chunks/csdr_t03_ch01_authorisation_and_supervision_of_csds.md
    path: "Title III > Chapter I > Section 1 > Article 13"
    applies_to_entities:
      - competent_authorities
    topics:
      - settlement
      - financial_markets
      - authorisation
      - supervision
    keywords: []
    contains:
      obligations: true
      prohibitions: false
      permissions: false
      definitions: false
      penalties: false
      delegated_powers: false
      implementing_powers: false
      rts_mandate: false
      its_mandate: false
      transitional: false
    internal_references: []
    external_references: []
    recitals: []

  - article_number: 14
    article_title: Cooperation between authorities
    chunk_file: /csdr/chunks/csdr_t03_ch01_authorisation_and_supervision_of_csds.md
    path: "Title III > Chapter I > Section 1 > Article 14"
    applies_to_entities:
      - member_states
      - competent_authorities
    topics:
      - settlement
      - financial_markets
      - authorisation
      - supervision
      - competent_authorities
    keywords:
      - system
      - guidelines
    contains:
      obligations: true
      prohibitions: false
      permissions: true
      definitions: false
      penalties: false
      delegated_powers: false
      implementing_powers: false
      rts_mandate: false
      its_mandate: false
      transitional: false
    internal_references:
      - target: Article 15
    external_references:
      - instrument_type: regulation
        reference: "1095/2010"
    recitals: []

  - article_number: 15
    article_title: Emergency situations
    chunk_file: /csdr/chunks/csdr_t03_ch01_authorisation_and_supervision_of_csds.md
    path: "Title III > Chapter I > Section 1 > Article 15"
    applies_to_entities:
      - member_states
      - competent_authorities
    topics:
      - settlement
      - financial_markets
      - authorisation
      - supervision
    keywords:
      - settlement
      - system
      - notification
      - csd
      - participant
    contains:
      obligations: true
      prohibitions: false
      permissions: true
      definitions: false
      penalties: false
      delegated_powers: false
      implementing_powers: false
      rts_mandate: false
      its_mandate: false
      transitional: false
    internal_references: []
    external_references:
      - instrument_type: directive
        reference: "98/26/EC"
    recitals: []

  - article_number: 16
    article_title: Authorisation of a CSD
    chunk_file: /csdr/chunks/csdr_t03_ch01_authorisation_and_supervision_of_csds.md
    path: "Title III > Chapter I > Section 2 > Article 16"
    applies_to_entities:
      - member_states
      - competent_authorities
    topics:
      - settlement
      - financial_markets
      - authorisation
      - supervision
    keywords:
      - authorisation
      - csd
      - competent authority
    contains:
      obligations: true
      prohibitions: false
      permissions: false
      definitions: false
      penalties: false
      delegated_powers: false
      implementing_powers: false
      rts_mandate: false
      its_mandate: false
      transitional: false
    internal_references: []
    external_references: []
    recitals: []

  - article_number: 17
    article_title: Procedure for granting authorisation
    chunk_file: /csdr/chunks/csdr_t03_ch01_authorisation_and_supervision_of_csds.md
    path: "Title III > Chapter I > Section 2 > Article 17"
    applies_to_entities:
      - member_states
      - competent_authorities
      - european_commission
    topics:
      - settlement
      - financial_markets
      - authorisation
      - supervision
      - competent_authorities
    keywords:
      - authorisation
      - settlement
      - system
      - csd
      - securities
      - securities settlement system
      - competent authority
      - relevant authority
      - control
      - subsidiary
      - qualifying holding
    contains:
      obligations: true
      prohibitions: true
      permissions: true
      definitions: false
      penalties: false
      delegated_powers: true
      implementing_powers: false
      rts_mandate: true
      its_mandate: true
      transitional: false
    internal_references:
      - target: Article 27
        paragraph: "6"
      - target: Article 27
        paragraph: "1"
      - target: Article 27
        paragraph: "4"
    external_references:
      - instrument_type: regulation
        reference: "1095/2010"
      - instrument_type: directive
        reference: "2014/65/EU"
      - instrument_type: directive
        reference: "2014/65/EU"
      - instrument_type: directive
        reference: "2014/65"
      - instrument_type: regulation
        reference: "600/2014"
      - instrument_type: regulation
        reference: "1095/2010"
      - instrument_type: regulation
        reference: "1095/2010"
    recitals: []

  - article_number: 18
    article_title: Effects of the authorisation
    chunk_file: /csdr/chunks/csdr_t03_ch01_authorisation_and_supervision_of_csds.md
    path: "Title III > Chapter I > Section 2 > Article 18"
    applies_to_entities:
      - credit_institutions
      - competent_authorities
      - european_commission
    topics:
      - settlement
      - financial_markets
      - authorisation
      - supervision
    keywords:
      - authorisation
      - settlement
      - system
      - notification
      - csd
      - securities
      - securities settlement system
      - competent authority
      - participation
    contains:
      obligations: true
      prohibitions: false
      permissions: true
      definitions: false
      penalties: false
      delegated_powers: true
      implementing_powers: false
      rts_mandate: true
      its_mandate: false
      transitional: false
    internal_references:
      - target: Article 19
        paragraph: "8"
    external_references:
      - instrument_type: regulation
        reference: "1095/2010"
      - instrument_type: regulation
        reference: "1095/2010"
    recitals: []

  - article_number: 19
    article_title: Extension and outsourcing of activities and services
    chunk_file: /csdr/chunks/csdr_t03_ch01_authorisation_and_supervision_of_csds.md
    path: "Title III > Chapter I > Section 2 > Article 19"
    applies_to_entities:
      - member_states
      - competent_authorities
    topics:
      - settlement
      - financial_markets
      - authorisation
      - supervision
      - outsourcing
      - competent_authorities
    keywords:
      - authorisation
      - outsourcing
      - third party
      - agent
      - settlement
      - system
      - csd
      - third-country csd
      - requesting csd
      - securities
      - securities settlement system
      - competent authority
      - home member state
      - csd link
      - interoperable link
      - settlement agent
    contains:
      obligations: true
      prohibitions: true
      permissions: true
      definitions: false
      penalties: false
      delegated_powers: false
      implementing_powers: false
      rts_mandate: false
      its_mandate: false
      transitional: false
    internal_references:
      - target: Article 30
      - target: Article 17
      - target: Article 17
        paragraph: "1"
      - target: Article 17
        paragraph: "2"
      - target: Article 17
        paragraph: "3"
      - target: Article 17
        paragraph: "5"
      - target: Article 30
        paragraph: "5"
      - target: Article 48
      - target: Article 20
        paragraph: "2"
      - target: Article 20
        paragraph: "3"
    external_references:
      - instrument_type: regulation
        reference: "1095/2010"
    recitals: []

  - article_number: 20
    article_title: Withdrawal of authorisation
    chunk_file: /csdr/chunks/csdr_t03_ch01_authorisation_and_supervision_of_csds.md
    path: "Title III > Chapter I > Section 2 > Article 20"
    applies_to_entities:
      - member_states
      - competent_authorities
    topics:
      - settlement
      - financial_markets
      - authorisation
      - supervision
      - competent_authorities
    keywords:
      - authorisation
      - transfer
      - settlement
      - system
      - csd
      - securities
      - competent authority
      - relevant authority
      - participant
      - home member state
    contains:
      obligations: true
      prohibitions: false
      permissions: true
      definitions: true
      penalties: false
      delegated_powers: false
      implementing_powers: false
      rts_mandate: false
      its_mandate: false
      transitional: false
    internal_references: []
    external_references:
      - instrument_type: directive
        reference: "2014/65"
      - instrument_type: regulation
        reference: "600/2014"
      - instrument_type: directive
        reference: "2014/65/EU"
    recitals: []

  - article_number: 21
    article_title: CSD register
    chunk_file: /csdr/chunks/csdr_t03_ch01_authorisation_and_supervision_of_csds.md
    path: "Title III > Chapter I > Section 2 > Article 21"
    applies_to_entities:
      - credit_institutions
      - member_states
      - competent_authorities
    topics:
      - settlement
      - financial_markets
      - authorisation
      - supervision
    keywords:
      - authorisation
      - branch
      - settlement
      - system
      - csd
      - financial instruments
      - securities
      - securities settlement system
      - csd link
    contains:
      obligations: true
      prohibitions: false
      permissions: false
      definitions: false
      penalties: false
      delegated_powers: false
      implementing_powers: false
      rts_mandate: false
      its_mandate: false
      transitional: false
    internal_references:
      - target: Article 16
      - target: Article 19
      - target: Article 20
      - target: Article 31
    external_references: []
    recitals: []

  - article_number: 22
    article_title: Review and evaluation
    chunk_file: /csdr/chunks/csdr_t03_ch01_authorisation_and_supervision_of_csds.md
    path: "Title III > Chapter I > Section 3 > Article 22"
    deletions:
      - celex: "32023R2845"
        act: Regulation (EU) 2023/2845
        instrument_id: null
        position: within
        marker: M4
    applies_to_entities:
      - competent_authorities
      - european_commission
    topics:
      - settlement
      - financial_markets
      - authorisation
      - supervision
      - competent_authorities
    keywords:
      - settlement
      - system
      - csd
      - securities
      - securities settlement system
      - competent authority
    contains:
      obligations: true
      prohibitions: false
      permissions: true
      definitions: false
      penalties: true
      delegated_powers: true
      implementing_powers: false
      rts_mandate: true
      its_mandate: true
      transitional: false
    internal_references:
      - target: Article 22a
      - target: Article 24a
      - target: Article 17
        paragraph: "6"
    external_references:
      - instrument_type: directive
        reference: "2014/65/EU"
      - instrument_type: regulation
        reference: "1095/2010"
      - instrument_type: regulation
        reference: "1095/2010"
      - instrument_type: regulation
        reference: "1095/2010"
    recitals: []

  - article_number: 22a
    article_title: Plans for recovery and orderly wind-down
    chunk_file: /csdr/chunks/csdr_t03_ch01_authorisation_and_supervision_of_csds.md
    path: "Title III > Chapter I > Section 3 > Article 22a"
    applies_to_entities:
      - competent_authorities
    topics:
      - settlement
      - financial_markets
      - authorisation
      - supervision
      - competent_authorities
      - recovery_resolution
      - governance
    keywords:
      - transfer
      - settlement
      - system
      - csd
      - competent authority
      - participant
      - management body
    contains:
      obligations: true
      prohibitions: true
      permissions: true
      definitions: false
      penalties: false
      delegated_powers: false
      implementing_powers: false
      rts_mandate: false
      its_mandate: false
      transitional: false
    internal_references:
      - target: Article 47
        paragraph: "1"
    external_references:
      - instrument_type: directive
        reference: "2014/59/EU"
    recitals: []

  - article_number: 23
    article_title: Freedom to provide services in another Member State
    chunk_file: /csdr/chunks/csdr_t03_ch01_authorisation_and_supervision_of_csds.md
    path: "Title III > Chapter I > Section 4 > Article 23"
    applies_to_entities:
      - member_states
      - competent_authorities
    topics:
      - settlement
      - financial_markets
      - authorisation
      - supervision
      - passporting
    keywords:
      - authorisation
      - branch
      - guidelines
      - csd
      - financial instruments
      - competent authority
      - home member state
      - host member state
      - shares
    contains:
      obligations: true
      prohibitions: false
      permissions: true
      definitions: false
      penalties: false
      delegated_powers: false
      implementing_powers: false
      rts_mandate: false
      its_mandate: false
      transitional: false
    internal_references:
      - target: Article 17
      - target: Article 49
        paragraph: "1"
      - target: Article 24a
    external_references:
      - instrument_type: regulation
        reference: "1095/2010"
    recitals: []

  - article_number: 24
    article_title: Cooperation between authorities of the home Member State and of the host Member State and peer review
    chunk_file: /csdr/chunks/csdr_t03_ch01_authorisation_and_supervision_of_csds.md
    path: "Title III > Chapter I > Section 4 > Article 24"
    deletions:
      - celex: "32023R2845"
        act: Regulation (EU) 2023/2845
        instrument_id: null
        position: within
        marker: M4
      - celex: "32023R2845"
        act: Regulation (EU) 2023/2845
        instrument_id: null
        position: within
        marker: M4
    applies_to_entities:
      - member_states
      - competent_authorities
      - european_commission
    topics:
      - settlement
      - financial_markets
      - authorisation
      - supervision
      - passporting
    keywords:
      - supervision
      - branch
      - settlement
      - system
      - csd
      - financial instruments
      - securities
      - securities settlement system
      - competent authority
      - participant
      - home member state
      - host member state
      - interoperable link
      - group
    contains:
      obligations: true
      prohibitions: false
      permissions: true
      definitions: false
      penalties: true
      delegated_powers: true
      implementing_powers: false
      rts_mandate: false
      its_mandate: true
      transitional: false
    internal_references:
      - target: Article 24a
      - target: Article 23
    external_references:
      - instrument_type: regulation
        reference: "1095/2010"
      - instrument_type: regulation
        reference: "1095/2010"
      - instrument_type: regulation
        reference: "1095/2010"
      - instrument_type: regulation
        reference: "1095/2010"
    recitals: []

  - article_number: 24a
    article_title: College of supervisors
    chunk_file: /csdr/chunks/csdr_t03_ch01_authorisation_and_supervision_of_csds.md
    path: "Title III > Chapter I > Section 4 > Article 24a"
    applies_to_entities:
      - member_states
      - competent_authorities
      - european_banking_authority
      - european_commission
    topics:
      - settlement
      - financial_markets
      - authorisation
      - supervision
      - outsourcing
      - governance
    keywords:
      - supervision
      - outsourcing
      - EBA
      - csd
      - securities
      - competent authority
      - relevant authority
      - participant
      - subsidiary
      - home member state
      - host member state
      - management body
      - senior management
      - group
    contains:
      obligations: true
      prohibitions: true
      permissions: true
      definitions: false
      penalties: false
      delegated_powers: true
      implementing_powers: false
      rts_mandate: true
      its_mandate: false
      transitional: false
    internal_references:
      - target: Article 12
      - target: Article 54
        paragraph: "3"
      - target: Article 23
        paragraph: "2"
      - target: Article 13
      - target: Article 14
      - target: Article 15
      - target: Article 22
      - target: Article 19
      - target: Article 24
      - target: Article 23
        paragraph: "3"
      - target: Article 27
      - target: Article 24
        paragraph: "5"
    external_references:
      - instrument_type: regulation
        reference: "1095/2010"
      - instrument_type: regulation
        reference: "1095/2010"
    recitals: []

  - article_number: 25
    article_title: Third countries
    chunk_file: /csdr/chunks/csdr_t03_ch01_authorisation_and_supervision_of_csds.md
    path: "Title III > Chapter I > Section 5 > Article 25"
    applies_to_entities:
      - credit_institutions
      - member_states
      - competent_authorities
      - european_commission
    topics:
      - settlement
      - financial_markets
      - authorisation
      - supervision
      - data_protection
      - committee_procedure
      - implementing_acts
    keywords:
      - authorisation
      - supervision
      - transaction
      - transfer
      - data
      - access
      - branch
      - settlement
      - system
      - notification
      - csd
      - third-country csd
      - financial instruments
      - securities
      - securities settlement system
      - competent authority
      - participant
      - host member state
    contains:
      obligations: true
      prohibitions: false
      permissions: true
      definitions: false
      penalties: false
      delegated_powers: true
      implementing_powers: true
      rts_mandate: true
      its_mandate: false
      transitional: false
    internal_references:
      - target: Article 49
        paragraph: "1"
      - target: Article 48
      - target: Article 20
      - target: Article 68
        paragraph: "2"
    external_references:
      - instrument_type: directive
        reference: "2015/849"
      - instrument_type: regulation
        reference: "1095/2010"
      - instrument_type: directive
        reference: "95/46/EC"
      - instrument_type: regulation
        reference: "1095/2010"
    recitals: []

  - article_number: 26
    article_title: General provisions
    chunk_file: /csdr/chunks/csdr_t03_ch02_p1_requirements_for_csds_part_1.md
    path: "Title III > Chapter II > Section 1 > Article 26"
    applies_to_entities:
      - credit_institutions
      - competent_authorities
      - european_banking_authority
      - european_commission
    topics:
      - settlement
      - financial_markets
      - enforcement
      - governance
      - remuneration
      - conflicts_of_interest
      - internal_control
    keywords:
      - EBA
      - csd
      - competent authority
      - participant
      - control
      - management body
      - group
      - close links
    contains:
      obligations: true
      prohibitions: false
      permissions: false
      definitions: false
      penalties: false
      delegated_powers: true
      implementing_powers: false
      rts_mandate: true
      its_mandate: false
      transitional: false
    internal_references: []
    external_references:
      - instrument_type: regulation
        reference: "1095/2010"
      - instrument_type: regulation
        reference: "1095/2010"
      - instrument_type: regulation
        reference: "1093/2010"
      - instrument_type: regulation
        reference: "1093/2010"
    recitals: []

  - article_number: 27
    article_title: "Senior management, management body and shareholders"
    chunk_file: /csdr/chunks/csdr_t03_ch02_p1_requirements_for_csds_part_1.md
    path: "Title III > Chapter II > Section 1 > Article 27"
    applies_to_entities:
      - competent_authorities
    topics:
      - settlement
      - financial_markets
      - authorisation
      - competent_authorities
      - governance
      - conflicts_of_interest
    keywords:
      - authorisation
      - transfer
      - csd
      - competent authority
      - participant
      - control
      - management body
      - senior management
      - close links
      - qualifying holding
    contains:
      obligations: true
      prohibitions: true
      permissions: true
      definitions: true
      penalties: false
      delegated_powers: false
      implementing_powers: false
      rts_mandate: false
      its_mandate: false
      transitional: false
    internal_references: []
    external_references: []
    recitals: []

  - article_number: 27a
    article_title: Information to competent authorities
    chunk_file: /csdr/chunks/csdr_t03_ch02_p1_requirements_for_csds_part_1.md
    path: "Title III > Chapter II > Section 1 > Article 27a"
    applies_to_entities:
      - member_states
      - competent_authorities
    topics:
      - settlement
      - financial_markets
      - competent_authorities
      - governance
    keywords:
      - supervision
      - notification
      - csd
      - competent authority
      - subsidiary
      - management body
      - qualifying holding
    contains:
      obligations: true
      prohibitions: true
      permissions: true
      definitions: false
      penalties: false
      delegated_powers: false
      implementing_powers: false
      rts_mandate: false
      its_mandate: false
      transitional: false
    internal_references:
      - target: Article 27
        paragraph: "1"
      - target: Article 27b
        paragraph: "4"
      - target: Article 27b
        paragraph: "1"
    external_references:
      - instrument_type: regulation
        reference: "648/2012"
      - instrument_type: directive
        reference: "2009/65/EC"
      - instrument_type: directive
        reference: "2013/36/EU"
    recitals: []

  - article_number: 27b
    article_title: Assessment
    chunk_file: /csdr/chunks/csdr_t03_ch02_p1_requirements_for_csds_part_1.md
    path: "Title III > Chapter II > Section 1 > Article 27b"
    applies_to_entities:
      - member_states
      - competent_authorities
    topics:
      - settlement
      - financial_markets
      - authorisation
      - competent_authorities
      - aml
    keywords:
      - supervision
      - EBA
      - guidelines
      - notification
      - csd
      - competent authority
      - group
      - qualifying holding
    contains:
      obligations: true
      prohibitions: true
      permissions: true
      definitions: false
      penalties: false
      delegated_powers: false
      implementing_powers: false
      rts_mandate: false
      its_mandate: false
      transitional: false
    internal_references:
      - target: Article 27a
        paragraph: "2"
      - target: Article 27a
        paragraph: "4"
    external_references:
      - instrument_type: directive
        reference: "2015/849"
      - instrument_type: regulation
        reference: "1095/2010"
    recitals: []

  - article_number: 27c
    article_title: Derogation for CSDs providing banking-type ancillary services
    chunk_file: /csdr/chunks/csdr_t03_ch02_p1_requirements_for_csds_part_1.md
    path: "Title III > Chapter II > Section 1 > Article 27c"
    applies_to_entities: []
    topics:
      - settlement
      - financial_markets
      - authorisation
    keywords:
      - csd
    contains:
      obligations: true
      prohibitions: true
      permissions: false
      definitions: false
      penalties: false
      delegated_powers: false
      implementing_powers: false
      rts_mandate: false
      its_mandate: false
      transitional: false
    internal_references:
      - target: Article 27a
      - target: Article 27b
      - target: Article 54
        paragraph: "3"
    external_references:
      - instrument_type: directive
        reference: "2013/36/EU"
    recitals: []

  - article_number: 28
    article_title: User committee
    chunk_file: /csdr/chunks/csdr_t03_ch02_p1_requirements_for_csds_part_1.md
    path: "Title III > Chapter II > Section 1 > Article 28"
    applies_to_entities:
      - competent_authorities
    topics:
      - settlement
      - financial_markets
      - payment_systems
      - governance
      - conflicts_of_interest
    keywords:
      - settlement
      - clearing
      - system
      - csd
      - securities
      - securities settlement system
      - competent authority
      - participant
      - management body
    contains:
      obligations: true
      prohibitions: true
      permissions: true
      definitions: false
      penalties: false
      delegated_powers: false
      implementing_powers: false
      rts_mandate: false
      its_mandate: false
      transitional: false
    internal_references: []
    external_references: []
    recitals: []

  - article_number: 29
    article_title: Record keeping
    chunk_file: /csdr/chunks/csdr_t03_ch02_p1_requirements_for_csds_part_1.md
    path: "Title III > Chapter II > Section 1 > Article 29"
    applies_to_entities:
      - member_states
      - competent_authorities
      - european_commission
    topics:
      - settlement
      - financial_markets
    keywords:
      - access
      - csd
      - competent authority
      - home member state
    contains:
      obligations: true
      prohibitions: false
      permissions: false
      definitions: false
      penalties: false
      delegated_powers: true
      implementing_powers: false
      rts_mandate: true
      its_mandate: true
      transitional: false
    internal_references: []
    external_references:
      - instrument_type: regulation
        reference: "1095/2010"
      - instrument_type: regulation
        reference: "1095/2010"
    recitals: []

  - article_number: 30
    article_title: Outsourcing
    chunk_file: /csdr/chunks/csdr_t03_ch02_p1_requirements_for_csds_part_1.md
    path: "Title III > Chapter II > Section 1 > Article 30"
    applies_to_entities:
      - competent_authorities
    topics:
      - settlement
      - financial_markets
      - authorisation
      - data_protection
      - outsourcing
      - capital_requirements
    keywords:
      - authorisation
      - data
      - access
      - outsourcing
      - third party
      - system
      - csd
      - competent authority
      - participant
      - control
    contains:
      obligations: true
      prohibitions: true
      permissions: false
      definitions: false
      penalties: false
      delegated_powers: false
      implementing_powers: false
      rts_mandate: false
      its_mandate: false
      transitional: false
    internal_references:
      - target: Article 19
    external_references: []
    recitals: []

  - article_number: 31
    article_title: Services provided by parties other than CSDs
    chunk_file: /csdr/chunks/csdr_t03_ch02_p1_requirements_for_csds_part_1.md
    path: "Title III > Chapter II > Section 1 > Article 31"
    applies_to_entities:
      - member_states
    topics:
      - settlement
      - financial_markets
    keywords:
      - csd
      - securities
      - securities account
    contains:
      obligations: true
      prohibitions: false
      permissions: true
      definitions: false
      penalties: false
      delegated_powers: false
      implementing_powers: false
      rts_mandate: false
      its_mandate: false
      transitional: false
    internal_references:
      - target: Article 30
      - target: Article 21
    external_references: []
    recitals: []

  - article_number: 32
    article_title: General provisions
    chunk_file: /csdr/chunks/csdr_t03_ch02_p1_requirements_for_csds_part_1.md
    path: "Title III > Chapter II > Section 2 > Article 32"
    applies_to_entities: []
    topics:
      - settlement
      - financial_markets
    keywords:
      - csd
    contains:
      obligations: true
      prohibitions: false
      permissions: false
      definitions: false
      penalties: false
      delegated_powers: false
      implementing_powers: false
      rts_mandate: false
      its_mandate: false
      transitional: false
    internal_references: []
    external_references: []
    recitals: []

  - article_number: 33
    article_title: Requirements for participation
    chunk_file: /csdr/chunks/csdr_t03_ch02_p1_requirements_for_csds_part_1.md
    path: "Title III > Chapter II > Section 2 > Article 33"
    applies_to_entities:
      - competent_authorities
      - european_commission
    topics:
      - settlement
      - financial_markets
      - competent_authorities
      - risk_assessment
    keywords:
      - access
      - settlement
      - system
      - csd
      - securities
      - securities settlement system
      - competent authority
      - participant
      - participation
      - control
    contains:
      obligations: true
      prohibitions: false
      permissions: true
      definitions: false
      penalties: false
      delegated_powers: true
      implementing_powers: false
      rts_mandate: true
      its_mandate: true
      transitional: false
    internal_references: []
    external_references:
      - instrument_type: regulation
        reference: "1095/2010"
      - instrument_type: regulation
        reference: "1095/2010"
      - instrument_type: regulation
        reference: "1095/2010"
    recitals: []

  - article_number: 34
    article_title: Transparency
    chunk_file: /csdr/chunks/csdr_t03_ch02_p1_requirements_for_csds_part_1.md
    path: "Title III > Chapter II > Section 2 > Article 34"
    applies_to_entities:
      - competent_authorities
    topics:
      - settlement
      - financial_markets
    keywords:
      - access
      - settlement
      - system
      - csd
      - securities
      - securities settlement system
      - competent authority
    contains:
      obligations: true
      prohibitions: false
      permissions: false
      definitions: false
      penalties: false
      delegated_powers: false
      implementing_powers: false
      rts_mandate: false
      its_mandate: false
      transitional: false
    internal_references: []
    external_references: []
    recitals: []

  - article_number: 35
    article_title: Communication procedures with participants and other market infrastructures
    chunk_file: /csdr/chunks/csdr_t03_ch02_p1_requirements_for_csds_part_1.md
    path: "Title III > Chapter II > Section 2 > Article 35"
    applies_to_entities: []
    topics:
      - settlement
      - financial_markets
    keywords:
      - interface
      - data
      - settlement
      - system
      - csd
      - securities
      - securities settlement system
      - participant
      - international open communication procedures and standards
    contains:
      obligations: true
      prohibitions: false
      permissions: false
      definitions: false
      penalties: false
      delegated_powers: false
      implementing_powers: false
      rts_mandate: false
      its_mandate: false
      transitional: false
    internal_references: []
    external_references: []
    recitals: []

  - article_number: 36
    article_title: General provisions
    chunk_file: /csdr/chunks/csdr_t03_ch02_p1_requirements_for_csds_part_1.md
    path: "Title III > Chapter II > Section 3 > Article 36"
    applies_to_entities: []
    topics:
      - settlement
      - financial_markets
    keywords:
      - transaction
      - settlement
      - system
      - csd
      - securities
      - securities settlement system
      - control
    contains:
      obligations: true
      prohibitions: false
      permissions: false
      definitions: false
      penalties: false
      delegated_powers: false
      implementing_powers: false
      rts_mandate: false
      its_mandate: false
      transitional: false
    internal_references: []
    external_references: []
    recitals: []

  - article_number: 37
    article_title: Integrity of the issue
    chunk_file: /csdr/chunks/csdr_t03_ch02_p2_requirements_for_csds_part_2.md
    path: "Title III > Chapter II > Section 3 > Article 37"
    applies_to_entities:
      - european_commission
    topics:
      - settlement
      - financial_markets
    keywords:
      - transfer
      - agent
      - settlement
      - system
      - csd
      - securities
      - securities settlement system
      - participant
      - securities account
    contains:
      obligations: true
      prohibitions: true
      permissions: false
      definitions: false
      penalties: false
      delegated_powers: true
      implementing_powers: false
      rts_mandate: true
      its_mandate: false
      transitional: false
    internal_references: []
    external_references:
      - instrument_type: regulation
        reference: "1095/2010"
      - instrument_type: regulation
        reference: "1095/2010"
    recitals: []

  - article_number: 38
    article_title: Protection of securities of participants and those of their clients
    chunk_file: /csdr/chunks/csdr_t03_ch02_p2_requirements_for_csds_part_2.md
    path: "Title III > Chapter II > Section 3 > Article 38"
    applies_to_entities:
      - member_states
    topics:
      - settlement
      - financial_markets
    keywords:
      - consent
      - settlement
      - system
      - csd
      - securities
      - securities settlement system
      - participant
      - securities account
    contains:
      obligations: true
      prohibitions: true
      permissions: true
      definitions: false
      penalties: false
      delegated_powers: false
      implementing_powers: false
      rts_mandate: false
      its_mandate: false
      transitional: false
    internal_references: []
    external_references: []
    recitals: []

  - article_number: 39
    article_title: Settlement finality
    chunk_file: /csdr/chunks/csdr_t03_ch02_p2_requirements_for_csds_part_2.md
    path: "Title III > Chapter II > Section 3 > Article 39"
    applies_to_entities:
      - member_states
    topics:
      - settlement
      - financial_markets
    keywords:
      - transaction
      - transfer
      - settlement
      - system
      - csd
      - securities
      - transfer order
      - securities settlement system
      - intended settlement date
      - business day
      - participant
      - dvp
      - csd link
    contains:
      obligations: true
      prohibitions: false
      permissions: false
      definitions: false
      penalties: false
      delegated_powers: false
      implementing_powers: false
      rts_mandate: false
      its_mandate: false
      transitional: false
    internal_references:
      - target: Article 48
      - target: Article 40
        paragraph: "2"
    external_references:
      - instrument_type: directive
        reference: "98/26/EC"
      - instrument_type: directive
        reference: "98/26/EC"
    recitals: []

  - article_number: 40
    article_title: Cash settlement
    chunk_file: /csdr/chunks/csdr_t03_ch02_p2_requirements_for_csds_part_2.md
    path: "Title III > Chapter II > Section 3 > Article 40"
    applies_to_entities:
      - credit_institutions
    topics:
      - settlement
      - financial_markets
      - authorisation
    keywords:
      - transaction
      - settlement
      - system
      - csd
      - securities
      - securities settlement system
      - participant
      - group
    contains:
      obligations: true
      prohibitions: false
      permissions: true
      definitions: false
      penalties: false
      delegated_powers: false
      implementing_powers: false
      rts_mandate: false
      its_mandate: false
      transitional: false
    internal_references: []
    external_references: []
    recitals: []

  - article_number: 41
    article_title: Participant default rules and procedures
    chunk_file: /csdr/chunks/csdr_t03_ch02_p2_requirements_for_csds_part_2.md
    path: "Title III > Chapter II > Section 3 > Article 41"
    applies_to_entities: []
    topics:
      - settlement
      - financial_markets
    keywords:
      - settlement
      - system
      - guidelines
      - csd
      - securities
      - securities settlement system
      - participant
      - default
    contains:
      obligations: true
      prohibitions: false
      permissions: true
      definitions: false
      penalties: false
      delegated_powers: false
      implementing_powers: false
      rts_mandate: false
      its_mandate: false
      transitional: false
    internal_references: []
    external_references:
      - instrument_type: regulation
        reference: "1095/2010"
    recitals: []

  - article_number: 42
    article_title: General requirements
    chunk_file: /csdr/chunks/csdr_t03_ch02_p2_requirements_for_csds_part_2.md
    path: "Title III > Chapter II > Section 4 > Article 42"
    applies_to_entities: []
    topics:
      - settlement
      - financial_markets
      - fraud_prevention
    keywords:
      - fraud
      - csd
    contains:
      obligations: true
      prohibitions: false
      permissions: false
      definitions: false
      penalties: false
      delegated_powers: false
      implementing_powers: false
      rts_mandate: false
      its_mandate: false
      transitional: false
    internal_references: []
    external_references: []
    recitals: []

  - article_number: 43
    article_title: Legal risks
    chunk_file: /csdr/chunks/csdr_t03_ch02_p2_requirements_for_csds_part_2.md
    path: "Title III > Chapter II > Section 4 > Article 43"
    applies_to_entities: []
    topics:
      - settlement
      - financial_markets
      - authorisation
    keywords:
      - authorisation
      - supervision
      - settlement
      - system
      - csd
      - securities
      - securities settlement system
      - participant
      - default
    contains:
      obligations: true
      prohibitions: false
      permissions: false
      definitions: false
      penalties: false
      delegated_powers: false
      implementing_powers: false
      rts_mandate: false
      its_mandate: false
      transitional: false
    internal_references: []
    external_references: []
    recitals: []

  - article_number: 44
    article_title: General business risk
    chunk_file: /csdr/chunks/csdr_t03_ch02_p2_requirements_for_csds_part_2.md
    path: "Title III > Chapter II > Section 4 > Article 44"
    applies_to_entities: []
    topics:
      - settlement
      - financial_markets
    keywords:
      - system
      - csd
      - control
    contains:
      obligations: true
      prohibitions: false
      permissions: false
      definitions: false
      penalties: false
      delegated_powers: false
      implementing_powers: false
      rts_mandate: false
      its_mandate: false
      transitional: false
    internal_references: []
    external_references: []
    recitals: []

  - article_number: 45
    article_title: Operational risks
    chunk_file: /csdr/chunks/csdr_t03_ch02_p2_requirements_for_csds_part_2.md
    path: "Title III > Chapter II > Section 4 > Article 45"
    deletions:
      - celex: "32022R2554"
        act: Regulation (EU) 2022/2554
        instrument_id: dora
        position: within
        marker: M3
    applies_to_entities:
      - competent_authorities
      - european_commission
    topics:
      - settlement
      - financial_markets
      - operational_resilience
      - recovery_resolution
    keywords:
      - transaction
      - settlement
      - system
      - csd
      - securities
      - securities settlement system
      - competent authority
      - participant
      - control
    contains:
      obligations: true
      prohibitions: false
      permissions: false
      definitions: false
      penalties: false
      delegated_powers: true
      implementing_powers: false
      rts_mandate: true
      its_mandate: false
      transitional: false
    internal_references: []
    external_references:
      - instrument_type: regulation
        reference: "2022/2554"
      - instrument_type: regulation
        reference: "1095/2010"
      - instrument_type: regulation
        reference: "1095/2010"
    recitals: []

  - article_number: 46
    article_title: Investment policy
    chunk_file: /csdr/chunks/csdr_t03_ch02_p2_requirements_for_csds_part_2.md
    path: "Title III > Chapter II > Section 4 > Article 46"
    applies_to_entities:
      - credit_institutions
      - european_banking_authority
      - european_commission
    topics:
      - settlement
      - financial_markets
      - authorisation
      - credit_risk
    keywords:
      - access
      - EBA
      - csd
      - financial instruments
    contains:
      obligations: true
      prohibitions: true
      permissions: false
      definitions: false
      penalties: false
      delegated_powers: true
      implementing_powers: false
      rts_mandate: true
      its_mandate: false
      transitional: false
    internal_references:
      - target: Article 47
        paragraph: "1"
    external_references:
      - instrument_type: regulation
        reference: "648/2012"
      - instrument_type: regulation
        reference: "1095/2010"
      - instrument_type: regulation
        reference: "1095/2010"
    recitals: []

  - article_number: 47
    article_title: Capital requirements
    chunk_file: /csdr/chunks/csdr_t03_ch02_p2_requirements_for_csds_part_2.md
    path: "Title III > Chapter II > Section 4 > Article 47"
    deletions:
      - celex: "32023R2845"
        act: Regulation (EU) 2023/2845
        instrument_id: null
        position: within
        marker: M4
    applies_to_entities:
      - european_banking_authority
      - european_commission
    topics:
      - settlement
      - financial_markets
    keywords:
      - EBA
      - csd
    contains:
      obligations: true
      prohibitions: false
      permissions: false
      definitions: false
      penalties: false
      delegated_powers: true
      implementing_powers: false
      rts_mandate: true
      its_mandate: false
      transitional: false
    internal_references: []
    external_references:
      - instrument_type: regulation
        reference: "1093/2010"
      - instrument_type: regulation
        reference: "1093/2010"
    recitals: []

  - article_number: 47a
    article_title: Deferred net settlement
    chunk_file: /csdr/chunks/csdr_t03_ch02_p2_requirements_for_csds_part_2.md
    path: "Title III > Chapter II > Section 4 > Article 47a"
    applies_to_entities:
      - competent_authorities
      - european_banking_authority
      - european_commission
    topics:
      - settlement
      - financial_markets
    keywords:
      - settlement
      - EBA
      - reporting
      - csd
      - participant
      - deferred net settlement
    contains:
      obligations: true
      prohibitions: false
      permissions: false
      definitions: false
      penalties: false
      delegated_powers: true
      implementing_powers: false
      rts_mandate: true
      its_mandate: false
      transitional: false
    internal_references: []
    external_references:
      - instrument_type: regulation
        reference: "1095/2010"
      - instrument_type: regulation
        reference: "1095/2010"
    recitals: []

  - article_number: 48
    article_title: CSD links
    chunk_file: /csdr/chunks/csdr_t03_ch02_p2_requirements_for_csds_part_2.md
    path: "Title III > Chapter II > Section 5 > Article 48"
    applies_to_entities:
      - member_states
      - competent_authorities
      - european_commission
    topics:
      - settlement
      - financial_markets
      - authorisation
    keywords:
      - authorisation
      - transaction
      - transfer
      - settlement
      - system
      - csd
      - requesting csd
      - securities
      - transfer order
      - securities settlement system
      - competent authority
      - participant
      - dvp
      - csd link
      - indirect link
      - interoperable link
    contains:
      obligations: true
      prohibitions: true
      permissions: false
      definitions: false
      penalties: false
      delegated_powers: false
      implementing_powers: false
      rts_mandate: true
      its_mandate: false
      transitional: false
    internal_references:
      - target: Article 19
        paragraph: "1"
      - target: Article 19
        paragraph: "5"
    external_references:
      - instrument_type: regulation
        reference: "1095/2010"
      - instrument_type: regulation
        reference: "1095/2010"
    recitals: []

  - article_number: 49
    article_title: Freedom to issue in a CSD authorised in the Union
    chunk_file: /csdr/chunks/csdr_t03_ch03_access_to_csds.md
    path: "Title III > Chapter III > Section 1 > Article 49"
    applies_to_entities:
      - member_states
      - competent_authorities
      - european_commission
    topics:
      - settlement
      - financial_markets
      - data_access
      - payment_systems
      - authorisation
      - competent_authorities
      - risk_assessment
    keywords:
      - csd
      - securities
      - competent authority
      - regulated market
      - mtf
      - trading venue
    contains:
      obligations: true
      prohibitions: false
      permissions: true
      definitions: true
      penalties: false
      delegated_powers: true
      implementing_powers: false
      rts_mandate: true
      its_mandate: true
      transitional: false
    internal_references:
      - target: Article 23
    external_references:
      - instrument_type: directive
        reference: "2005/60/EC"
      - instrument_type: regulation
        reference: "1095/2010"
      - instrument_type: regulation
        reference: "1095/2010"
      - instrument_type: regulation
        reference: "1095/2010"
    recitals: []

  - article_number: 50
    article_title: Standard link access
    chunk_file: /csdr/chunks/csdr_t03_ch03_access_to_csds.md
    path: "Title III > Chapter III > Section 2 > Article 50"
    applies_to_entities: []
    topics:
      - settlement
      - financial_markets
      - data_access
      - payment_systems
    keywords:
      - access
      - notification
      - csd
      - participant
      - csd link
      - standard link
    contains:
      obligations: true
      prohibitions: false
      permissions: true
      definitions: false
      penalties: false
      delegated_powers: false
      implementing_powers: false
      rts_mandate: false
      its_mandate: false
      transitional: false
    internal_references:
      - target: Article 33
      - target: Article 19
        paragraph: "5"
    external_references: []
    recitals: []

  - article_number: 51
    article_title: Customised link access
    chunk_file: /csdr/chunks/csdr_t03_ch03_access_to_csds.md
    path: "Title III > Chapter III > Section 2 > Article 51"
    applies_to_entities: []
    topics:
      - settlement
      - financial_markets
      - data_access
      - payment_systems
    keywords:
      - access
      - csd
      - receiving csd
      - requesting csd
      - customised link
    contains:
      obligations: true
      prohibitions: true
      permissions: true
      definitions: false
      penalties: false
      delegated_powers: false
      implementing_powers: false
      rts_mandate: false
      its_mandate: false
      transitional: false
    internal_references: []
    external_references: []
    recitals: []

  - article_number: 52
    article_title: Procedure for CSD links
    chunk_file: /csdr/chunks/csdr_t03_ch03_access_to_csds.md
    path: "Title III > Chapter III > Section 2 > Article 52"
    applies_to_entities:
      - competent_authorities
      - european_commission
    topics:
      - settlement
      - financial_markets
      - data_access
      - payment_systems
      - risk_assessment
    keywords:
      - access
      - system
      - csd
      - receiving csd
      - requesting csd
      - competent authority
      - relevant authority
      - csd link
    contains:
      obligations: true
      prohibitions: false
      permissions: true
      definitions: false
      penalties: false
      delegated_powers: true
      implementing_powers: false
      rts_mandate: true
      its_mandate: true
      transitional: false
    internal_references:
      - target: Article 50
      - target: Article 51
      - target: Article 12
        paragraph: "1"
    external_references:
      - instrument_type: regulation
        reference: "1095/2010"
      - instrument_type: regulation
        reference: "1095/2010"
      - instrument_type: regulation
        reference: "1095/2010"
    recitals: []

  - article_number: 53
    article_title: Access between a CSD and another market infrastructure
    chunk_file: /csdr/chunks/csdr_t03_ch03_access_to_csds.md
    path: "Title III > Chapter III > Section 3 > Article 53"
    applies_to_entities:
      - competent_authorities
      - european_commission
    topics:
      - settlement
      - financial_markets
      - data_access
      - payment_systems
      - competent_authorities
      - risk_assessment
      - trading_venues
    keywords:
      - transaction
      - access
      - settlement
      - system
      - csd
      - requesting csd
      - securities
      - securities settlement system
      - ccp
      - competent authority
      - relevant authority
      - trading venue
    contains:
      obligations: true
      prohibitions: true
      permissions: true
      definitions: false
      penalties: false
      delegated_powers: true
      implementing_powers: false
      rts_mandate: true
      its_mandate: true
      transitional: false
    internal_references:
      - target: Article 12
        paragraph: "1"
    external_references:
      - instrument_type: regulation
        reference: "1095/2010"
      - instrument_type: regulation
        reference: "1095/2010"
      - instrument_type: regulation
        reference: "1095/2010"
    recitals: []

  - article_number: 54
    article_title: Authorisation and designation to provide banking-type ancillary services
    chunk_file: /csdr/chunks/csdr_t04_provision_of_banking_type_ancillary_serv.md
    path: "Title IV > Article 54"
    applies_to_entities:
      - credit_institutions
      - competent_authorities
      - european_banking_authority
      - european_commission
    topics:
      - settlement
      - financial_markets
      - authorisation
      - competent_authorities
      - credit_risk
      - liquidity_risk
      - recovery_resolution
    keywords:
      - authorisation
      - supervision
      - data
      - agent
      - settlement
      - system
      - EBA
      - csd
      - securities
      - securities settlement system
      - competent authority
      - participant
      - settlement agent
    contains:
      obligations: true
      prohibitions: true
      permissions: true
      definitions: false
      penalties: false
      delegated_powers: true
      implementing_powers: false
      rts_mandate: true
      its_mandate: false
      transitional: false
    internal_references:
      - target: Article 40
        paragraph: "2"
      - target: Article 59
        paragraph: "1"
      - target: Article 59
        paragraph: "3"
      - target: Article 59
        paragraph: "4"
      - target: Article 60
      - target: Article 47
      - target: Article 59
      - target: Article 40
        paragraph: "1"
    external_references:
      - instrument_type: directive
        reference: "2013/36/EU"
      - instrument_type: directive
        reference: "2013/36/EU"
      - instrument_type: regulation
        reference: "575/2013"
      - instrument_type: directive
        reference: "2013/36"
      - instrument_type: regulation
        reference: "1093/2010"
      - instrument_type: regulation
        reference: "1093/2010"
    recitals: []

  - article_number: 55
    article_title: Procedure for granting and refusing authorisation to provide banking-type ancillary services
    chunk_file: /csdr/chunks/csdr_t04_provision_of_banking_type_ancillary_serv.md
    path: "Title IV > Article 55"
    applies_to_entities:
      - credit_institutions
      - member_states
      - competent_authorities
      - european_commission
    topics:
      - settlement
      - financial_markets
      - authorisation
      - competent_authorities
    keywords:
      - authorisation
      - supervision
      - settlement
      - system
      - EBA
      - csd
      - securities
      - securities settlement system
      - competent authority
      - participant
      - home member state
      - host member state
      - interoperable link
    contains:
      obligations: true
      prohibitions: true
      permissions: true
      definitions: false
      penalties: false
      delegated_powers: true
      implementing_powers: false
      rts_mandate: true
      its_mandate: true
      transitional: false
    internal_references:
      - target: Article 54
      - target: Article 59
        paragraph: "1"
      - target: Article 59
        paragraph: "3"
      - target: Article 59
        paragraph: "4"
      - target: Article 17
        paragraph: "3"
      - target: Article 17
        paragraph: "8"
      - target: Article 19
        paragraph: "5"
      - target: Article 24
        paragraph: "4"
    external_references:
      - instrument_type: regulation
        reference: "575/2013"
      - instrument_type: regulation
        reference: "1095/2010"
      - instrument_type: regulation
        reference: "1095/2010"
      - instrument_type: regulation
        reference: "1095/2010"
      - instrument_type: regulation
        reference: "1095/2010"
    recitals: []

  - article_number: 56
    article_title: Extension of the banking-type ancillary services
    chunk_file: /csdr/chunks/csdr_t04_provision_of_banking_type_ancillary_serv.md
    path: "Title IV > Article 56"
    applies_to_entities:
      - credit_institutions
      - member_states
      - competent_authorities
    topics:
      - settlement
      - financial_markets
    keywords:
      - csd
      - competent authority
      - home member state
    contains:
      obligations: true
      prohibitions: false
      permissions: false
      definitions: false
      penalties: false
      delegated_powers: false
      implementing_powers: false
      rts_mandate: false
      its_mandate: false
      transitional: false
    internal_references:
      - target: Article 54
      - target: Article 55
    external_references: []
    recitals: []

  - article_number: 57
    article_title: Withdrawal of authorisation
    chunk_file: /csdr/chunks/csdr_t04_provision_of_banking_type_ancillary_serv.md
    path: "Title IV > Article 57"
    applies_to_entities:
      - credit_institutions
      - member_states
      - competent_authorities
    topics:
      - settlement
      - financial_markets
      - authorisation
      - competent_authorities
    keywords:
      - authorisation
      - transfer
      - agent
      - settlement
      - system
      - csd
      - competent authority
      - relevant authority
      - participant
      - home member state
      - settlement agent
    contains:
      obligations: true
      prohibitions: false
      permissions: true
      definitions: true
      penalties: false
      delegated_powers: false
      implementing_powers: false
      rts_mandate: false
      its_mandate: false
      transitional: false
    internal_references:
      - target: Article 54
      - target: Article 55
        paragraph: "4"
      - target: Article 12
        paragraph: "1"
      - target: Article 60
        paragraph: "1"
    external_references: []
    recitals: []

  - article_number: 58
    article_title: CSD register
    chunk_file: /csdr/chunks/csdr_t04_provision_of_banking_type_ancillary_serv.md
    path: "Title IV > Article 58"
    applies_to_entities:
      - credit_institutions
      - competent_authorities
    topics:
      - settlement
      - financial_markets
      - authorisation
      - competent_authorities
    keywords:
      - csd
      - participant
    contains:
      obligations: true
      prohibitions: false
      permissions: false
      definitions: false
      penalties: false
      delegated_powers: false
      implementing_powers: false
      rts_mandate: false
      its_mandate: false
      transitional: false
    internal_references:
      - target: Article 54
      - target: Article 56
      - target: Article 57
      - target: Article 21
        paragraph: "3"
    external_references: []
    recitals: []

  - article_number: 59
    article_title: Prudential requirements applicable to credit institutions or CSDs authorised to provide banking-type ancillary services
    chunk_file: /csdr/chunks/csdr_t04_provision_of_banking_type_ancillary_serv.md
    path: "Title IV > Article 59"
    applies_to_entities:
      - credit_institutions
      - european_banking_authority
      - european_commission
      - financial_entities
    topics:
      - settlement
      - financial_markets
      - authorisation
      - refunds
      - credit_risk
      - market_risk
      - liquidity_risk
    keywords:
      - authorisation
      - sanction
      - security
      - access
      - agent
      - settlement
      - system
      - EBA
      - reporting
      - csd
      - securities
      - securities settlement system
      - participant
      - control
      - default
      - settlement agent
    contains:
      obligations: true
      prohibitions: false
      permissions: true
      definitions: false
      penalties: false
      delegated_powers: true
      implementing_powers: false
      rts_mandate: true
      its_mandate: false
      transitional: false
    internal_references:
      - target: Article 54
        paragraph: "2"
      - target: Article 60
        paragraph: "1"
    external_references:
      - instrument_type: regulation
        reference: "648/2012"
      - instrument_type: regulation
        reference: "1093/2010"
      - instrument_type: regulation
        reference: "1093/2010"
    recitals: []

  - article_number: 60
    article_title: Supervision of designated credit institutions and CSDs authorised to provide banking-type ancillary services
    chunk_file: /csdr/chunks/csdr_t04_provision_of_banking_type_ancillary_serv.md
    path: "Title IV > Article 60"
    applies_to_entities:
      - credit_institutions
      - competent_authorities
      - european_banking_authority
    topics:
      - settlement
      - financial_markets
      - authorisation
      - enforcement
    keywords:
      - authorisation
      - supervision
      - access
      - settlement
      - system
      - EBA
      - guidelines
      - csd
      - securities
      - securities settlement system
      - competent authority
      - participant
    contains:
      obligations: true
      prohibitions: false
      permissions: true
      definitions: false
      penalties: true
      delegated_powers: false
      implementing_powers: false
      rts_mandate: false
      its_mandate: false
      transitional: false
    internal_references:
      - target: Article 17
      - target: Article 22
      - target: Article 59
      - target: Article 55
        paragraph: "4"
      - target: Article 24a
      - target: Article 54
        paragraph: "2"
      - target: Article 54
    external_references:
      - instrument_type: regulation
        reference: "575/2013"
      - instrument_type: directive
        reference: "2013/36/EU"
      - instrument_type: regulation
        reference: "1093/2010"
    recitals: []

  - article_number: 61
    article_title: Administrative sanctions and other measures
    chunk_file: /csdr/chunks/csdr_t05_sanctions.md
    path: "Title V > Article 61"
    applies_to_entities:
      - credit_institutions
      - member_states
      - competent_authorities
      - european_commission
    topics:
      - settlement
      - financial_markets
      - enforcement
      - sanctions
      - competent_authorities
    keywords:
      - sanction
      - data
      - csd
      - competent authority
      - control
    contains:
      obligations: true
      prohibitions: false
      permissions: true
      definitions: true
      penalties: true
      delegated_powers: false
      implementing_powers: false
      rts_mandate: false
      its_mandate: false
      transitional: false
    internal_references:
      - target: Article 63
      - target: Article 14
    external_references: []
    recitals: []

  - article_number: 62
    article_title: Publication of decisions
    chunk_file: /csdr/chunks/csdr_t05_sanctions.md
    path: "Title V > Article 62"
    applies_to_entities:
      - member_states
      - competent_authorities
    topics:
      - settlement
      - financial_markets
      - enforcement
      - sanctions
      - data_protection
      - competent_authorities
    keywords:
      - sanction
      - data
      - access
      - competent authority
    contains:
      obligations: true
      prohibitions: false
      permissions: true
      definitions: false
      penalties: true
      delegated_powers: false
      implementing_powers: false
      rts_mandate: false
      its_mandate: false
      transitional: false
    internal_references: []
    external_references: []
    recitals: []

  - article_number: 63
    article_title: Sanctions for infringements
    chunk_file: /csdr/chunks/csdr_t05_sanctions.md
    path: "Title V > Article 63"
    applies_to_entities:
      - credit_institutions
      - member_states
      - competent_authorities
    topics:
      - settlement
      - financial_markets
      - enforcement
      - sanctions
      - competent_authorities
      - governance
      - consolidation
    keywords:
      - authorisation
      - sanction
      - access
      - csd
      - subsidiary
      - csd link
      - management body
    contains:
      obligations: true
      prohibitions: false
      permissions: true
      definitions: true
      penalties: true
      delegated_powers: false
      implementing_powers: false
      rts_mandate: false
      its_mandate: false
      transitional: false
    internal_references:
      - target: Article 16
      - target: Article 25
      - target: Article 54
      - target: Article 20
        paragraph: "1"
      - target: Article 57
        paragraph: "1"
      - target: Article 47
        paragraph: "1"
      - target: Article 26
      - target: Article 27
      - target: Article 28
      - target: Article 29
      - target: Article 30
      - target: Article 32
      - target: Article 33
      - target: Article 34
      - target: Article 35
      - target: Article 37
      - target: Article 38
      - target: Article 39
      - target: Article 40
      - target: Article 41
      - target: Article 43
      - target: Article 44
      - target: Article 45
      - target: Article 46
      - target: Article 47
      - target: Article 48
      - target: Article 49
      - target: Article 50
      - target: Article 51
      - target: Article 52
      - target: Article 53
      - target: Article 59
        paragraph: "3"
      - target: Article 59
        paragraph: "4"
      - target: Article 62
      - target: Article 20
    external_references:
      - instrument_type: directive
        reference: "2013/34/EU"
    recitals: []

  - article_number: 64
    article_title: Effective application of sanctions
    chunk_file: /csdr/chunks/csdr_t05_sanctions.md
    path: "Title V > Article 64"
    applies_to_entities:
      - member_states
      - competent_authorities
    topics:
      - settlement
      - financial_markets
      - enforcement
      - sanctions
    keywords:
      - sanction
      - competent authority
    contains:
      obligations: true
      prohibitions: false
      permissions: false
      definitions: false
      penalties: true
      delegated_powers: false
      implementing_powers: false
      rts_mandate: false
      its_mandate: false
      transitional: false
    internal_references: []
    external_references: []
    recitals: []

  - article_number: 65
    article_title: Reporting of infringements
    chunk_file: /csdr/chunks/csdr_t05_sanctions.md
    path: "Title V > Article 65"
    applies_to_entities:
      - member_states
      - competent_authorities
    topics:
      - settlement
      - financial_markets
      - enforcement
      - sanctions
      - data_protection
    keywords:
      - data
      - reporting
    contains:
      obligations: true
      prohibitions: false
      permissions: true
      definitions: false
      penalties: true
      delegated_powers: false
      implementing_powers: false
      rts_mandate: false
      its_mandate: false
      transitional: false
    internal_references: []
    external_references:
      - instrument_type: directive
        reference: "95/46/EC"
    recitals: []

  - article_number: 66
    article_title: Right of appeal
    chunk_file: /csdr/chunks/csdr_t05_sanctions.md
    path: "Title V > Article 66"
    applies_to_entities:
      - member_states
    topics:
      - settlement
      - financial_markets
      - enforcement
      - sanctions
      - authorisation
    keywords:
      - authorisation
    contains:
      obligations: true
      prohibitions: false
      permissions: false
      definitions: false
      penalties: false
      delegated_powers: false
      implementing_powers: false
      rts_mandate: false
      its_mandate: false
      transitional: false
    internal_references: []
    external_references: []
    recitals: []

  - article_number: 67
    article_title: Exercise of the delegation
    chunk_file: /csdr/chunks/csdr_t06_delegation_of_power_implementing_powers_.md
    path: "Title VI > Article 67"
    applies_to_entities:
      - european_commission
    topics:
      - settlement
      - financial_markets
      - final_provisions
      - transitional_provisions
    keywords:
      - notification
    contains:
      obligations: true
      prohibitions: true
      permissions: true
      definitions: false
      penalties: false
      delegated_powers: true
      implementing_powers: false
      rts_mandate: false
      its_mandate: false
      transitional: false
    internal_references:
      - target: Article 2
        paragraph: "2"
      - target: Article 7
        paragraph: "5"
      - target: Article 7
        paragraph: "9"
    external_references: []
    recitals: []

  - article_number: 68
    article_title: Committee procedure
    chunk_file: /csdr/chunks/csdr_t06_delegation_of_power_implementing_powers_.md
    path: "Title VI > Article 68"
    applies_to_entities: []
    topics:
      - settlement
      - financial_markets
      - final_provisions
      - transitional_provisions
      - committee_procedure
    keywords:
      - securities
    contains:
      obligations: true
      prohibitions: false
      permissions: false
      definitions: false
      penalties: false
      delegated_powers: false
      implementing_powers: false
      rts_mandate: false
      its_mandate: false
      transitional: false
    internal_references: []
    external_references: []
    recitals: []

  - article_number: 69
    article_title: Transitional provisions
    chunk_file: /csdr/chunks/csdr_t06_delegation_of_power_implementing_powers_.md
    path: "Title VI > Article 69"
    applies_to_entities:
      - member_states
      - competent_authorities
      - european_commission
    topics:
      - settlement
      - financial_markets
      - final_provisions
      - transitional_provisions
      - authorisation
      - competent_authorities
    keywords:
      - authorisation
      - branch
      - notification
      - csd
      - third-country csd
      - financial instruments
      - participant
      - csd link
    contains:
      obligations: true
      prohibitions: false
      permissions: false
      definitions: true
      penalties: false
      delegated_powers: true
      implementing_powers: false
      rts_mandate: true
      its_mandate: false
      transitional: true
    internal_references:
      - target: Article 17
      - target: Article 26
      - target: Article 45
      - target: Article 47
      - target: Article 48
      - target: Article 55
      - target: Article 59
      - target: Article 12
      - target: Article 25
      - target: Article 25
        paragraph: "9"
      - target: Article 49
        paragraph: "1"
      - target: Article 25
        paragraph: "4"
      - target: Article 25
        paragraph: "5"
      - target: Article 25
        paragraph: "6"
      - target: Article 1
        paragraph: "4"
      - target: Article 7
        paragraph: "14"
      - target: Article 7
        paragraph: "5"
      - target: Article 7
        paragraph: "15"
      - target: Article 7
        paragraph: "10"
      - target: Article 24a
      - target: Article 24a
        paragraph: "13"
      - target: Article 23
      - target: Article 23
        paragraph: "3"
    external_references:
      - instrument_type: regulation
        reference: "1095/2010"
      - instrument_type: regulation
        reference: "1095/2010"
    recitals: []

  - article_number: 70
    article_title: Amendments to Directive 98/26/EC
    chunk_file: /csdr/chunks/csdr_t06_delegation_of_power_implementing_powers_.md
    path: "Title VI > Article 70"
    applies_to_entities:
      - member_states
      - european_commission
    topics:
      - settlement
      - financial_markets
      - final_provisions
      - transitional_provisions
    keywords:
      - system
      - securities
    contains:
      obligations: true
      prohibitions: false
      permissions: false
      definitions: false
      penalties: false
      delegated_powers: false
      implementing_powers: false
      rts_mandate: false
      its_mandate: false
      transitional: false
    internal_references: []
    external_references:
      - instrument_type: directive
        reference: "98/26/EC"
    recitals: []

  - article_number: 71
    article_title: Amendments to Directive 2014/65/EU
    chunk_file: /csdr/chunks/csdr_t06_delegation_of_power_implementing_powers_.md
    path: "Title VI > Article 71"
    deletions:
      - celex: "32023R2845"
        act: Regulation (EU) 2023/2845
        instrument_id: null
        position: after
        marker: M4
    applies_to_entities: []
    topics:
      - settlement
      - financial_markets
      - final_provisions
      - transitional_provisions
    keywords:
      - central securities depository
      - csd
      - financial instruments
      - securities
      - securities account
    contains:
      obligations: false
      prohibitions: false
      permissions: false
      definitions: true
      penalties: false
      delegated_powers: false
      implementing_powers: false
      rts_mandate: false
      its_mandate: false
      transitional: false
    internal_references: []
    external_references:
      - instrument_type: directive
        reference: "2014/65/EU"
      - instrument_type: regulation
        reference: "909/2014"
      - instrument_type: regulation
        reference: "909/2014"
    recitals: []

  - article_number: 73
    article_title: Application of Directive 2014/65/EU and Regulation (EU) No 600/2014
    chunk_file: /csdr/chunks/csdr_t06_delegation_of_power_implementing_powers_.md
    path: "Title VI > Article 73"
    applies_to_entities: []
    topics:
      - settlement
      - financial_markets
      - final_provisions
      - transitional_provisions
      - authorisation
    keywords:
      - authorisation
      - csd
    contains:
      obligations: true
      prohibitions: true
      permissions: false
      definitions: false
      penalties: false
      delegated_powers: false
      implementing_powers: false
      rts_mandate: false
      its_mandate: false
      transitional: false
    internal_references:
      - target: Article 16
    external_references:
      - instrument_type: directive
        reference: "2014/65/EU"
      - instrument_type: regulation
        reference: "600/2014"
    recitals: []

  - article_number: 74
    article_title: Reports
    chunk_file: /csdr/chunks/csdr_t06_delegation_of_power_implementing_powers_.md
    path: "Title VI > Article 74"
    applies_to_entities:
      - credit_institutions
      - member_states
      - competent_authorities
      - european_banking_authority
      - european_commission
    topics:
      - settlement
      - financial_markets
      - final_provisions
      - transitional_provisions
      - authorisation
      - liability
      - enforcement
      - sanctions
    keywords:
      - liability
      - supervision
      - sanction
      - transaction
      - access
      - cross-border
      - settlement
      - system
      - EBA
      - notification
      - csd
      - financial instruments
      - securities
      - securities settlement system
      - settlement fail
      - ccp
      - participant
      - csd link
      - trading venue
    contains:
      obligations: true
      prohibitions: true
      permissions: true
      definitions: false
      penalties: true
      delegated_powers: false
      implementing_powers: false
      rts_mandate: false
      its_mandate: false
      transitional: false
    internal_references:
      - target: Article 7
      - target: Article 7a
      - target: Article 9
      - target: Article 49
      - target: Article 52
      - target: Article 53
      - target: Article 23
        paragraph: "3"
      - target: Article 25
        paragraph: "4"
      - target: Article 24
        paragraph: "6"
      - target: Article 54
      - target: Article 55
      - target: Article 38
      - target: Article 38
        paragraph: "5"
      - target: Article 24
      - target: Article 5
        paragraph: "2"
      - target: Article 54
        paragraph: "5"
      - target: Article 59
        paragraph: "3"
    external_references: []
    recitals: []

  - article_number: 75
    article_title: Review
    chunk_file: /csdr/chunks/csdr_t06_delegation_of_power_implementing_powers_.md
    path: "Title VI > Article 75"
    applies_to_entities:
      - member_states
      - european_commission
    topics:
      - settlement
      - financial_markets
      - final_provisions
      - transitional_provisions
    keywords:
      - supervision
      - cross-border
      - settlement
      - csd
      - third-country csd
      - securities
      - participant
      - host member state
    contains:
      obligations: true
      prohibitions: false
      permissions: false
      definitions: false
      penalties: false
      delegated_powers: false
      implementing_powers: false
      rts_mandate: false
      its_mandate: false
      transitional: false
    internal_references:
      - target: Article 74
        paragraph: "1"
    external_references: []
    recitals: []

  - article_number: 76
    article_title: Entry into force and application
    chunk_file: /csdr/chunks/csdr_t06_delegation_of_power_implementing_powers_.md
    path: "Title VI > Article 76"
    applies_to_entities:
      - european_commission
    topics:
      - settlement
      - financial_markets
      - final_provisions
      - transitional_provisions
      - trading_venues
      - implementing_acts
    keywords:
      - transfer
      - access
      - settlement
      - reporting
      - csd
      - securities
      - transferable securities
      - mtf
      - trading venue
    contains:
      obligations: true
      prohibitions: false
      permissions: false
      definitions: false
      penalties: false
      delegated_powers: true
      implementing_powers: true
      rts_mandate: false
      its_mandate: false
      transitional: true
    internal_references:
      - target: Article 3
        paragraph: "1"
      - target: Article 5
        paragraph: "2"
      - target: Article 30
        paragraph: "5"
      - target: Article 6
        paragraph: "1"
      - target: Article 6
        paragraph: "5"
      - target: Article 7
        paragraph: "1"
      - target: Article 7
        paragraph: "15"
      - target: Article 7
        paragraph: "3"
      - target: Article 9
        paragraph: "1"
      - target: Article 9
        paragraph: "3"
    external_references:
      - instrument_type: directive
        reference: "2014/65/EU"
      - instrument_type: directive
        reference: "2014/65/EU"
      - instrument_type: directive
        reference: "2014/65"
      - instrument_type: regulation
        reference: "600/2014"
      - instrument_type: directive
        reference: "2004/39/EC"
    recitals: []