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🔗 Back to Summary. 🇫🇷 French Version: 2014R0909_FR.43. Open the PDF. Direct link to EUR-LEX.
Article 42 – General requirements ⬅️ | ➡️ Article 44 – General business risk
Article 43 - Legal risks
1.
For the purpose of its authorisation and supervision, as well as for the information of its clients, a CSD shall have rules, procedures, and contracts that are clear and understandable for all the securities settlement systems that it operates and all other services that it provides.
2.
A CSD shall design its rules, procedures and contracts so that they are enforceable in all relevant jurisdictions, including in the case of the default of a participant.
3.
A CSD conducting business in different jurisdictions shall take all reasonable steps to identify and mitigate the risks arising from potential conflicts of law across jurisdictions.