CHAPTER V

REVIEW AND EVALUATION

(Article 22 of Regulation (EU) No 909/2014)

Exchange of information between the competent authorities referred to in Article 22(8) of Regulation (EU) No 909/2014
Article 45
1
During the review and evaluation, the competent authority shall send to the competent authorities referred to in Article 22(8) of Regulation (EU) No 909/2014 any relevant information provided by the CSD in connection to staff, key individuals, functions, services or systems shared between that CSD and other CSDs with which it maintains the types of relations referred to in points (a), (b) and (c) of Article 17(6) of Regulation (EU) No 909/2014 within 10 working days from the receipt of that information.
2
After performing the review and evaluation, the competent authority shall send the following information to the competent authorities referred to in Article 22(8) of Regulation (EU) No 909/2014:
a
a report on the evaluation by the competent authority of the risks to which the CSD is or might be exposed or which it creates for the smooth functioning of securities markets;
b
any envisaged or final remedial actions or penalties against the CSD as a result of the review and evaluation.