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The Central Securities Depositories Regulations 2014

Consolidated Text Cited authorities 58 Cited in Amendments 17 Related
Vincent
JurisdictionUK Non-devolved
CitationSI 2014/2879
Year2014
(1) These Regulations may be cited as the Central Securities Depositories Regulations 2014 and come into force on 21st November 2014.(2) In these Regulations—
  • “the Act” means the Financial Services and Markets Act 2000 ;
  • “the Bank” means the Bank of England;
  • “banking-type ancillary services” means the services set out in Section C of the Annex to the CSD regulation;
  • F34“credit institution” means credit institution (defined in point (1) of Article 4(1) of Regulation (EU) 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms) authorised pursuant to Article 8 of Directive 2013/36/EU of the European Parliament and of the Council of 26 June 2013 on access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms;
  • “CSD regulation” means Regulation (EU) No 909/2014 of the European Parliament and of the Council of 23 July 2014 on improving securities settlement in the European Union and on central securities depositories ;
  • F34“EEA CSD” has the meaning given in section 285 of the Act;
  • “recognised body” has the meaning given in section 313(1) of the Act.
  • F34“third country CSD” has the meaning given in section 285 of the Act.
(3) F35Unless defined in these Regulations, any expression used in these Regulations which is defined for the purposes of the CSD regulation has the meaning given by the CSD regulation, and any other expression used in these Regulations which is defined for the purposes of the Act has the meaning given by the Act.the supervision of trading venues the functions referred to in Article 4(3) of the CSD regulation.the supervision of investment firms authorised pursuant to Article 5 of the markets in financial instruments directive for the purposes of the CSD regulation;the supervision of participants in a securities settlement system for the purposes of the CSD regulation, other than recognised clearing houses or recognised CSDs.the functions referred to in Article 9(1) of the CSD regulation;authorisation and supervision of CSDs host Member State competent authority functions under the CSD regulation in relation to EEA CSDs and third country CSDs;oversight of securities settlement systems by a CSD under paragraph (2) (a) of that Article, orby a designated credit institution under paragraph (2) (b) of that Article; F40andthe supervision of CCPs for the purposes of the CSD regulation.(3) The Bank is responsible for the purposes of the second sub-paragraph of Article 11(1) of the CSD regulation for cooperation with other Member States' competent authorities, relevant authorities, ESMA and EBA authorisation of a CSD referred to in Article 54(2) (a) of the CSD regulation as a credit institution; andof the provision of banking-type ancillary services authorised under Article 54 of the CSD regulation by a CSD referred to in Article 54(2) (a) of that Regulation and a credit institution referred to in Article 54(2) (b) of that Regulation, andof compliance with the prudential requirements referred to in Article 59 of the CSD regulation by a CSD referred to in Article 54(2) (a) of that Regulation and a credit institution referred to in Article 54(2) (b) of that Regulation.

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