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🔗 Back to Summary. 🇫🇷 French Version: 2014R0909_FR.15. Open the PDF. Direct link to EUR-LEX.
Article 14 – Cooperation between authorities ⬅️ | ➡️ Article 16 – Authorisation of a CSD
Article 15 - Emergency situations
Without prejudice to the notification procedure provided for in Article 6(3) of Directive 98/26/EC, competent authorities and relevant authorities shall immediately inform ESMA, the European Systemic Risk Board established by Regulation (EU) No 1092/2010 of the European Parliament and of the Council and each other of any emergency situation relating to a CSD, including of any developments in financial markets, which may have an adverse effect on market liquidity, the stability of a currency in which settlement takes place, the integrity of monetary policy or on the stability of the financial system in any of the Member States where the CSD or one of its participants are established.