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					<dc:identifier>http://www.legislation.gov.uk/eur/2014/909/article/65</dc:identifier><dc:title>Regulation (EU) No 909/2014 of the European Parliament and of the Council of 23 July 2014 on improving securities settlement in the European Union and on central securities depositories and amending Directives 98/26/EC and 2014/65/EU and Regulation (EU) No 236/2012 (Text with EEA relevance)</dc:title><dct:alternative>Regulation (EU) No 909/2014 of the European Parliament and of the Council</dct:alternative><dc:description>Regulation (EU) No 909/2014 of the European Parliament and of the Council of 23 July 2014 on improving securities settlement in the European Union and on central securities depositories and amending Directives 98/26/EC and 2014/65/EU and Regulation (EU) No 236/2012 (Text with EEA relevance)</dc:description><dc:publisher>King's Printer of Acts of Parliament</dc:publisher><dc:source>https://webarchive.nationalarchives.gov.uk/eu-exit/https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02014R0909-20160701</dc:source><dc:type>text</dc:type><dc:format>text/xml</dc:format><dc:language>en</dc:language><dc:modified>2025-04-16</dc:modified><dc:contributor>Expert Participation</dc:contributor><dct:valid>2025-03-03</dct:valid>
					
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				</ukm:Metadata><EURetained><EUBody DocumentURI="http://www.legislation.gov.uk/eur/2014/909/body" IdURI="http://www.legislation.gov.uk/id/eur/2014/909/body" NumberOfProvisions="76" RestrictExtent="E+W+S+N.I." RestrictStartDate="2022-01-01"><EUTitle DocumentURI="http://www.legislation.gov.uk/eur/2014/909/title/V" IdURI="http://www.legislation.gov.uk/id/eur/2014/909/title/V" NumberOfProvisions="6" id="title-V" RestrictExtent="E+W+S+N.I." RestrictStartDate="2020-12-31"><Number>TITLE V</Number><Title>
               <Strong>SANCTIONS</Strong>
            </Title><P1group RestrictStartDate="2020-12-31" RestrictExtent="E+W+S+N.I."><Title>Reporting of infringements</Title><P1 DocumentURI="http://www.legislation.gov.uk/eur/2014/909/article/65" IdURI="http://www.legislation.gov.uk/id/eur/2014/909/article/65" id="article-65"><Pnumber>Article 65</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/eur/2014/909/article/65/1" IdURI="http://www.legislation.gov.uk/id/eur/2014/909/article/65/1" id="article-65-1"><Pnumber PuncBefore="" PuncAfter=".">1</Pnumber><P2para><Text><Substitution ChangeId="key-453c283802bfa7c78c6ab34ec955ec6b-1700836010000" CommentaryRef="key-453c283802bfa7c78c6ab34ec955ec6b">The competent authority must establish</Substitution> effective mechanisms to encourage reporting of potential or actual infringements of this Regulation to competent authorities.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/eur/2014/909/article/65/2" IdURI="http://www.legislation.gov.uk/id/eur/2014/909/article/65/2" id="article-65-2"><Pnumber PuncBefore="" PuncAfter=".">2</Pnumber><P2para><Text>The mechanisms referred to in paragraph 1 shall include at least:</Text><P3 DocumentURI="http://www.legislation.gov.uk/eur/2014/909/article/65/2/a" IdURI="http://www.legislation.gov.uk/id/eur/2014/909/article/65/2/a" id="article-65-2-a"><Pnumber PuncBefore="(" PuncAfter=")">a</Pnumber><P3para><Text>specific procedures for the receipt and investigation of reports on potential or actual infringements and their follow-up, including the establishment of secure communication channels for such reports;</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/eur/2014/909/article/65/2/b" IdURI="http://www.legislation.gov.uk/id/eur/2014/909/article/65/2/b" id="article-65-2-b"><Pnumber PuncBefore="(" PuncAfter=")">b</Pnumber><P3para><Text>appropriate protection for employees of institutions who report potential or actual infringements committed within the institution against retaliation, discrimination or other types of unfair treatment at a minimum;</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/eur/2014/909/article/65/2/c" IdURI="http://www.legislation.gov.uk/id/eur/2014/909/article/65/2/c" id="article-65-2-c"><Pnumber PuncBefore="(" PuncAfter=")">c</Pnumber><P3para><Text>protection of personal data concerning both the person who reports the potential or actual infringements and the natural person who is allegedly responsible for an infringement in compliance with the principles laid down in <Substitution ChangeId="key-f2f8076a6954d3a3f0d5e15147b92503-1700836010001" CommentaryRef="key-f2f8076a6954d3a3f0d5e15147b92503">data protection legislation</Substitution>;</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/eur/2014/909/article/65/2/d" IdURI="http://www.legislation.gov.uk/id/eur/2014/909/article/65/2/d" id="article-65-2-d"><Pnumber PuncBefore="(" PuncAfter=")">d</Pnumber><P3para><Text>protection of the identity of both the person who reports the infringements and the natural person who is allegedly responsible for an infringement, at all stages of the procedures unless such disclosure is required by national law in the context of further investigation or subsequent administrative or judicial proceedings.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/eur/2014/909/article/65/3" IdURI="http://www.legislation.gov.uk/id/eur/2014/909/article/65/3" id="article-65-3"><Pnumber PuncBefore="" PuncAfter=".">3</Pnumber><P2para><Text><Substitution ChangeId="key-ad09797b08bb12f009af79438ecffe49-1700836010002" CommentaryRef="key-ad09797b08bb12f009af79438ecffe49">The competent authority</Substitution> shall require institutions to have in place appropriate procedures for their employees to report actual or potential infringements internally through a specific, independent and autonomous channel.</Text></P2para><P2para><Text>Such a channel may also be provided through arrangements provided for by social partners. The same protection as is referred to in points (b), (c) and (d) of paragraph 2 shall apply.</Text></P2para></P2></P1para></P1></P1group></EUTitle></EUBody></EURetained><Commentaries><Commentary id="key-453c283802bfa7c78c6ab34ec955ec6b" Type="F"><Para><Text>Words in <CitationSubRef id="c6yywwu95-00006" SectionRef="article-65-1" URI="http://www.legislation.gov.uk/id/eur/2014/909/article/65/1">Art. 65(1)</CitationSubRef> substituted (31.12.2020) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2018/1320" id="c6yywwu95-00007" Class="UnitedKingdomStatutoryInstrument" Year="2018" Number="1320" Title="The Central Securities Depositories (Amendment) (EU Exit) Regulations 2018">The Central Securities Depositories (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1320)</Citation>, <CitationSubRef CitationRef="c6yywwu95-00007" id="c6yywwu95-00008" SectionRef="regulation-1-3" URI="http://www.legislation.gov.uk/id/uksi/2018/1320/regulation/1/3">regs. 1(3)</CitationSubRef>, <CitationSubRef CitationRef="c6yywwu95-00007" id="c6yywwu95-00009" SectionRef="regulation-21-5-a" URI="http://www.legislation.gov.uk/id/uksi/2018/1320/regulation/21/5/a" Operative="true">21(5)(a)</CitationSubRef> (with savings in <Citation URI="http://www.legislation.gov.uk/id/uksi/2019/680" id="c6yywwu95-00010" Class="UnitedKingdomStatutoryInstrument" Year="2019" Number="680">S.I. 2019/680</Citation>, <CitationSubRef CitationRef="c6yywwu95-00010" id="c6yywwu95-00011" SectionRef="regulation-11" URI="http://www.legislation.gov.uk/id/uksi/2019/680/regulation/11">reg. 11</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/ukpga/2020/1" id="c6yywwu95-00012" Year="2020" Class="UnitedKingdomPublicGeneralAct" Number="1">2020 c. 1</Citation>, <CitationSubRef CitationRef="c6yywwu95-00012" id="c6yywwu95-00013" SectionRef="schedule-5-paragraph-1-1" URI="http://www.legislation.gov.uk/id/ukpga/2020/1/schedule/5/paragraph/1/1">Sch. 5 para. 1(1)</CitationSubRef></Text></Para></Commentary><Commentary id="key-f2f8076a6954d3a3f0d5e15147b92503" Type="F"><Para><Text>Words in <CitationSubRef id="c6yywwu95-00019" SectionRef="article-65-2" URI="http://www.legislation.gov.uk/id/eur/2014/909/article/65/2">Art. 65(2)</CitationSubRef> substituted (31.12.2020) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2018/1320" id="c6yywwu95-00020" Class="UnitedKingdomStatutoryInstrument" Year="2018" Number="1320" Title="The Central Securities Depositories (Amendment) (EU Exit) Regulations 2018">The Central Securities Depositories (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1320)</Citation>, <CitationSubRef CitationRef="c6yywwu95-00020" id="c6yywwu95-00021" SectionRef="regulation-1-3" URI="http://www.legislation.gov.uk/id/uksi/2018/1320/regulation/1/3">regs. 1(3)</CitationSubRef>, <CitationSubRef CitationRef="c6yywwu95-00020" id="c6yywwu95-00022" SectionRef="regulation-21-5-b" URI="http://www.legislation.gov.uk/id/uksi/2018/1320/regulation/21/5/b" Operative="true">21(5)(b)</CitationSubRef> (with savings in <Citation URI="http://www.legislation.gov.uk/id/uksi/2019/680" id="c6yywwu95-00023" Class="UnitedKingdomStatutoryInstrument" Year="2019" Number="680">S.I. 2019/680</Citation>, <CitationSubRef CitationRef="c6yywwu95-00023" id="c6yywwu95-00024" SectionRef="regulation-11" URI="http://www.legislation.gov.uk/id/uksi/2019/680/regulation/11">reg. 11</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/ukpga/2020/1" id="c6yywwu95-00025" Year="2020" Class="UnitedKingdomPublicGeneralAct" Number="1">2020 c. 1</Citation>, <CitationSubRef CitationRef="c6yywwu95-00025" id="c6yywwu95-00026" SectionRef="schedule-5-paragraph-1-1" URI="http://www.legislation.gov.uk/id/ukpga/2020/1/schedule/5/paragraph/1/1">Sch. 5 para. 1(1)</CitationSubRef></Text></Para></Commentary><Commentary id="key-ad09797b08bb12f009af79438ecffe49" Type="F"><Para><Text>Words in <CitationSubRef id="c6yywwu95-00032" SectionRef="article-65-3" URI="http://www.legislation.gov.uk/id/eur/2014/909/article/65/3">Art. 65(3)</CitationSubRef> substituted (31.12.2020) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2018/1320" id="c6yywwu95-00033" Class="UnitedKingdomStatutoryInstrument" Year="2018" Number="1320" Title="The Central Securities Depositories (Amendment) (EU Exit) Regulations 2018">The Central Securities Depositories (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1320)</Citation>, <CitationSubRef CitationRef="c6yywwu95-00033" id="c6yywwu95-00034" SectionRef="regulation-1-3" URI="http://www.legislation.gov.uk/id/uksi/2018/1320/regulation/1/3">regs. 1(3)</CitationSubRef>, <CitationSubRef CitationRef="c6yywwu95-00033" id="c6yywwu95-00035" SectionRef="regulation-21-5-c" URI="http://www.legislation.gov.uk/id/uksi/2018/1320/regulation/21/5/c" Operative="true">21(5)(c)</CitationSubRef> (with savings in <Citation URI="http://www.legislation.gov.uk/id/uksi/2019/680" id="c6yywwu95-00036" Class="UnitedKingdomStatutoryInstrument" Year="2019" Number="680">S.I. 2019/680</Citation>, <CitationSubRef CitationRef="c6yywwu95-00036" id="c6yywwu95-00037" SectionRef="regulation-11" URI="http://www.legislation.gov.uk/id/uksi/2019/680/regulation/11">reg. 11</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/ukpga/2020/1" id="c6yywwu95-00038" Year="2020" Class="UnitedKingdomPublicGeneralAct" Number="1">2020 c. 1</Citation>, <CitationSubRef CitationRef="c6yywwu95-00038" id="c6yywwu95-00039" SectionRef="schedule-5-paragraph-1-1" URI="http://www.legislation.gov.uk/id/ukpga/2020/1/schedule/5/paragraph/1/1">Sch. 5 para. 1(1)</CitationSubRef></Text></Para></Commentary></Commentaries></Legislation>