CHAPTER XOPERATIONAL RISKS(Article 45(1) to (6) of Regulation (EU) No 909/2014)

SECTION 1 Identifying operational risks

Article 69Operational risks that may be posed by other CSDs or market infrastructures

1.

A CSD shall ensure that its systems and communication arrangements with other CSDs or market infrastructures are reliable, secure and designed to minimise operational risks.

2.

Any arrangement that a CSD enters into with another CSD or another market infrastructures shall provide that:

(a)

the other CSD or other financial market infrastructure discloses to the CSD any critical service provider on which the other CSD or market infrastructure relies;

(b)

the governance arrangements and management processes in the other CSD or other market infrastructure do not affect the smooth provision of services by the CSD, including the risk-management arrangements and the non-discriminatory access conditions.