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Retour au sommaire ⬅️ | ➑️ Article 2 – Conditions regarding capital instruments

Article 1 - Overview of requirements regarding the capital of a CSD

1.

For the purposes of 2014, a central securities depository (β€˜CSD’) 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.