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Article 2 – Determination of most relevant currencies ⬅️ | ➑️ Article 4 – Identification and legal status of applicant CSDs

Article 3 - Practical arrangements for the consultation of the relevant authorities referred to in Article 12(1)(b) and (c) of Regulation (EU) No 909/2014

1.

Where one of the most relevant currencies determined in accordance with Article 2 of this Regulation is issued by more than one central bank, those central banks shall determine a single representative as the relevant authority for that currency referred to in point (b) of 2014.

2.

Where the cash leg of securities transactions is settled in accordance with 2014 through accounts opened with several central banks that issue the same currency, those central banks shall determine a single representative as a relevant authority referred to in point (c) of Article 12(1) of that Regulation.