CHAPTER XU.K. OPERATIONAL RISKS (Article 45(1) to (6) of Regulation (EU) No 909/2014)

SECTION 1 U.K. Identifying operational risks

Article 69U.K.Operational risks that may be posed by other CSDs or market infrastructures

1.A CSD shall ensure that its systems and communication arrangements with other CSDs or market infrastructures are reliable, secure and designed to minimise operational risks.

2.Any arrangement that a CSD enters into with another CSD or another market infrastructures shall provide that:

(a)the other CSD or other financial market infrastructure discloses to the CSD any critical service provider on which the other CSD or market infrastructure relies;

(b)the governance arrangements and management processes in the other CSD or other market infrastructure do not affect the smooth provision of services by the CSD, including the risk-management arrangements and the non-discriminatory access conditions.