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🔗 Back to Summary. 🇫🇷 French Version: 2017R0390_FR.3. Back to Summary of LVL1. Open the PDF. Direct link to EUR-LEX.
Article 2 – Conditions regarding capital instruments ⬅️ | ➡️ Article 4 – Level of capital requirements for operational, legal and custody risks
Références LVL1 <=> LVL2
Level 1 reference(s): 2014R0909_EN.47
Article 3 - Level of capital requirements for a CSD
1.
A CSD shall hold capital, together with retained earnings and reserves, which shall be at all times more than or equal to the sum of:
(a)
the CSD’s capital requirements for operational, legal and custody risks, referred to in point (a) of 2014, calculated in accordance with Article 4;
(b)
the CSD’s capital requirements for investment risks, referred to in point (a) of 2014, calculated in accordance with Article 5;
(c)
the CSD’s capital requirements for business risks, referred to in point (a) of 2014, calculated in accordance with Article 6;
(d)
the CSD’s capital requirements for winding-down or restructuring its activities, referred to in point (b) of 2014, calculated in accordance with Article 7.
2.
A CSD shall have procedures in place to identify all sources of the risks referred to in paragraph 1.