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🔗 Back to Summary. 🇫🇷 French Version: 2017R0390_FR.4. Back to Summary of LVL1. Open the PDF. Direct link to EUR-LEX.
Article 3 – Level of capital requirements for a CSD ⬅️ | ➡️ Article 5 – Level of capital requirements for investment risk
Références LVL1 <=> LVL2
Level 1 reference(s): 2014R0909_EN.47
Article 4 - Level of capital requirements for operational, legal and custody risks
1.
A CSD authorised in accordance with point (a) of 2014 to provide banking-type ancillary services and with permission to use the Advanced Measurement Approaches (‘AMA’) referred to in Articles 321 to 324 of Regulation (EU) No 575/2013, shall calculate its capital requirements for operational, legal and custody risks in accordance with Articles 231 to 234 of Regulation (EU) No 575/2013.
2.
A CSD authorised in accordance with point (a) of 2014 to provide banking-type ancillary services and using the Standardised Approach for operational risk as referred to in Articles 317 to 320 of Regulation (EU) No 575/2013, shall calculate its capital requirements for operational, legal and custody risks in accordance with the provisions of that Regulation applicable to the Standardised Approach for operational risk referred to in Articles 317 to 320 thereof.
3.
A CSD that satisfies any the following conditions shall calculate its capital requirements for operational, legal and custody risks in accordance with the provisions of the Basic Indicator Approach referred to in Articles 315 and 316 of Regulation (EU) No 575/2013:
(a)
A CSD that is not authorised in accordance with 2014;
(b)
a CSD that is authorised in accordance with point (a) of 2014 but which does not have permission to use the AMA referred to in Articles 321 to 324 of Regulation (EU) No 575/2013;
(c)
A CSD that is authorised in accordance with point (a) of 2014 but which does not have permission to use the Standardised approach referred to in Articles 317 to 320 of Regulation (EU) No 575/2013.