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Commission Delegated Regulation (EU) 2017/390Show full title

Commission Delegated Regulation (EU) 2017/390 of 11 November 2016 supplementing Regulation (EU) No 909/2014 of the European Parliament and of the Council with regard to regulatory technical standards on certain prudential requirements for central securities depositories and designated credit institutions offering banking-type ancillary services (Text with EEA relevance)

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Commission Delegated Regulation (EU) 2017/390 is up to date with all changes known to be in force on or before 21 November 2024. There are changes that may be brought into force at a future date. Help about Changes to Legislation

EUR 2017 No. 390 may be subject to amendment by EU Exit Instruments made by the Prudential Regulation Authority under powers set out in The Financial Regulators' Powers (Technical Standards etc.) (Amendment etc.) (EU Exit) Regulations 2018 (S.I. 2018/1115), regs. 2, 3, Sch. Pt. 2. These amendments are not currently available on legislation.gov.uk. Details of relevant amending instruments can be found on their website/s.

EUR 2017 No. 390 may be subject to amendment by EU Exit Instruments made by the Bank of England under powers set out in The Financial Regulators' Powers (Technical Standards etc.) (Amendment etc.) (EU Exit) Regulations 2018 (S.I. 2018/1115), regs. 2, 3, Sch. Pt. 3. These amendments are not currently available on legislation.gov.uk. Details of relevant amending instruments can be found on their website/s.

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  1. Introductory Text

  2. TITLE I CAPITAL REQUIREMENTS FOR ALL CSDS REFERRED TO IN ARTICLE 47 OF REGULATION (EU) No 909/2014

    1. Article 1.Overview of requirements regarding the capital of a CSD

    2. Article 2.Conditions regarding capital instruments

    3. Article 3.Level of capital requirements for a CSD

    4. Article 4.Level of capital requirements for operational, legal and custody risks

    5. Article 5.Level of capital requirements for investment risk

    6. Article 6.Capital requirements for business risk

    7. Article 7.Capital requirements for winding-down or restructuring

  3. TITLE II CAPITAL SURCHARGE FOR CSDS AUTHORISED TO OFFER BANKING-TYPE ANCILLARY SERVICES AND FOR DESIGNATED CREDIT INSTITUTIONS, AS REFERRED TO IN ARTICLE 54 OF REGULATION (EU) No 909/2014

    1. Article 8.Capital surcharge resulting from the provision of intraday credit

  4. TITLE III PRUDENTIAL REQUIREMENTS APPLICABLE TO CREDIT INSTITUTIONS OR CSDS AUTHORISED TO PROVIDE BANKING-TYPE ANCILLARY SERVICES, AS REFERRED TO IN ARTICLE 59 OF REGULATION (EU) No 909/2014

    1. CHAPTER I COLLATERAL AND OTHER EQUIVALENT FINANCIAL RESOURCES FOR CREDIT AND LIQUIDITY RISKS

      1. Article 9.General rules on collateral and other equivalent financial resources

      2. Article 10.Collateral for the purposes of point (d) of Article 59(3), and point (d) of Article 59(4) of Regulation (EU) No 909/2014

      3. Article 11.Other collateral

      4. Article 12.Collateral valuation

      5. Article 13.Haircuts

      6. Article 14.Collateral concentration limits

      7. Article 15.Other equivalent financial resources

      8. Article 16.Other equivalent financial resources for exposures in interoperable links

    2. CHAPTER II PRUDENTIAL FRAMEWORK FOR CREDIT AND LIQUIDITY RISK

      1. Article 17.General provisions

      2. SECTION 1 Credit risk

        1. Article 18.Credit risk management framework

        2. Sub Section 1

          1. Article 19.Measurement of intraday credit risk

          2. Article 20.Measurement of overnight credit exposures

        3. Sub-Section 2 Monitoring Credit Risks

          1. Article 21.Monitoring intraday credit exposures

          2. Article 22.Monitoring overnight credit risk

        4. Sub-Section 3 Management of Intraday Credit Risks

          1. Article 23.General requirements for the management of intraday credit risk

          2. Article 24.Credit limits

        5. Sub-Section 4 Potential residual credit exposures

          1. Article 25.Potential residual credit exposures

        6. Sub-Section 5 Reimbursement procedures and sanctioning rates

          1. Article 26.Reimbursement procedures of intraday credit

        7. Sub-Section 6 Reporting of credit risk

          1. Article 27.Reporting to authorities on intraday risk management

        8. Sub-Section 7 Public disclosure

          1. Article 28.Public Disclosure

      3. SECTION 2 Liquidity risk

        1. Article 29.General rules on liquidity risk

        2. Sub-Section 1 Measurement of intraday liquidity risks

          1. Article 30.Measurement of intraday liquidity risks

          2. Article 31.Measurement of overnight liquidity risks

        3. Sub-Section 2 Monitoring of intraday liquidity risks

          1. Article 32.Monitoring intraday liquidity risks

          2. Article 33.Monitoring overnight liquidity risks

        4. Sub-Section 3 Managing Liquidity Risks

          1. Article 34.Qualifying liquid resources

          2. Article 35.Managing intraday liquidity risk

          3. Article 36.Stress testing the sufficiency of liquid financial resources

          4. Article 37.Unforeseen and potentially uncovered liquidity shortfalls

          5. Article 38.Arrangements in order to convert collateral or investment into cash using prearranged and highly reliable funding arrangements

        5. Sub-Section 4 Reporting of Liquidity Risks

          1. Article 39.Reporting to competent authorities on intraday risk management

        6. Sub-Section 5 Public disclosure

          1. Article 40.Public Disclosure

        7. Sub-Section 6 Final provisions

          1. Article 41.Transitional provisions

          2. Article 42.Entry into force

  5. Signature

    1. ANNEX

      Winding-down or restructuring scenarios

      1. A scenario where the CSD is unable to raise new...

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