CHAPTER IIIAUTHORISATION OF CSDs(Article 17 of Regulation (EU) No 909/2014)

SECTION 6 Prudential requirements

Article 35Capital requirements

An application for authorisation shall include the following information concerning the capital requirements:

  1. (a)

    information demonstrating that the capital of the applicant CSD, including retained earnings and reserves of the applicant CSD, meets the requirements of Article 47 of Regulation (EU) No 909/2014;

  2. (b)

    the plan referred to in Article 47(2) of Regulation (EU) No 909/2014 and any updates to that plan, and evidence of its approval by the management body or an appropriate committee of the management body of the applicant CSD.