Version in force , Modified +8 −6§
Amended by Regulation (EU) 2023/2845 32023R2845 on EUR-Lex (external, EUR-Lex)
Explanation, written by a model and checked against the cited text
The provision changes the verb describing the CSD's obligation regarding risks associated with safekeeping and settlement of securities transactions, replacing the word 'reduce' with the word 'minimise'.
Cited: Art. 36, v1 (external, EUR-Lex) · Art. 36, v2 (external, EUR-Lex)
v1 is the previous version, v2 this one.
Text from EUR-Lex, before and after
Previous version, in force 22 June 2022 02014R0909-20220622 → this version, in force 16 January 2024 02014R0909-20240116
Article 36
General provisions
For each securities settlement system it operates a CSD shall have appropriate rules and procedures, including robust accounting practices and controls, to help ensure the integrity of securities issues, and reduce minimise and manage the risks associated with the safekeeping and settlement of transactions in securities.