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🔗 Back to Summary. 🇫🇷 French Version: 2017R0390_FR.41. Back to Summary of LVL1. Open the PDF. Direct link to EUR-LEX.
Article 40 – Public Disclosure ⬅️ | ➡️ Article 42 – Entry into force
Article 41 - Transitional provisions
1.
CSD-banking service providers shall identify the relevant currencies under point (ii) of Article 36(8)(b) 12 months after obtaining the authorisation to provide banking-type ancillary services.
2.
During the transitional period of 12 months referred to in paragraph 1, the CSD-banking service providers referred to in that subparagraph shall identify the relevant currencies under point (ii) of Article 36(8)(b) by taking into account both of the following:
(a)
a sufficiently large relative share of each currency in the total value of settlement by a CSD of settlement instructions, against payment calculated over a period of one year;
(b)
the impact of the non-availability of each currency on the smooth functioning of the operations of CSD-banking service providers under a wide range of potential stress scenarios referred to in Article 36.