CHAPTER III

AUTHORISATION OF CSDs

(Article 17 of Regulation (EU) No 909/2014)
SECTION 1

General information on applicant CSDs

Information concerning groups
Article 7
1
Where the applicant CSD is part of a group of undertakings that includes other CSDs or credit institutions referred to in point (b) of Article 54(2) of Regulation (EU) No 909/2014, the application for authorisation shall include the following:
a
the policies and procedures referred to in Article 26(7) of Regulation (EU) No 909/2014;
b
information on the composition of the senior management, the management body, and the shareholders structure of the parent undertaking and of the other undertakings in the group;
c
the services and key individuals other than senior management that the applicant CSD shares with other undertakings in the group.
2
Where the applicant CSD has a parent undertaking, the application for authorisation shall provide the following information:
a
the registered address of the parent undertaking of the applicant CSD;
b
where the parent undertaking is an entity authorised or registered and subject to supervision under Union or third country legislation, any relevant authorisation or registration number and the name of the authority or authorities competent for the supervision of the parent undertaking.
3
Where the applicant CSD has outsourced services or activities to an undertaking within the group in accordance with Article 30 of Regulation (EU) No 909/2014, the application shall include a summary and a copy of the outsourcing agreement.