Commission Regulation (EU) No 920/2010 (repealed)Show full title

Article 19 Authorised representatives

1. Each account shall have at least two authorised representatives. The authorised representative shall initiate transactions and other processes on behalf of the account holder through the website of the registry.

2. The administrator of the account may allow accounts to have additional authorised representatives who may view the account or whose agreement is required in addition to the agreement of an authorised representative to submit a request to carry out any process.

3. The administrator of the account may allow holders of user accounts to enable their accounts to be accessed through a trading platform. Account holders enabling their account to be accessed through a trading platform shall nominate as authorised representative a person who is already the authorised representative of a trading platform holding account.

4. If the authorised representative has no access to the internet, he may also request the administrator of the account to initiate transactions on his behalf, provided that the administrator allows such requests and access was not suspended in accordance with Article 27.

5. The Data Exchange and Technical Specifications may set a maximum number of authorised representatives and additional authorised representatives for each account type. A national administrator may set a lower maximum for its account, but the minimum number of authorised representatives must be three.

6. Authorised representatives and additional authorised representatives must be natural persons over 18 years. All authorised representatives and additional authorised representatives of a single account must be different persons but the same person can be an authorised representative or an additional authorised representative on more than one account. The Member State of the national administrator may require that at least one of the authorised representatives of user accounts must be a permanent resident in the Member State of the national administrator administering the account.