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Level 1 reference(s): 2014R0909_EN.47
Article 1 - Overview of requirements regarding the capital of a CSD
1.
For the purposes of 2014, a central securities depository (βCSDβ) shall hold at all times, together with retained earnings and reserves, the amount of capital specified in Article 3 of this Regulation.
2.
The capital requirements referred to in Article 3 shall be met with capital instruments that meet the conditions set out in Article 2 of this Regulation.