CHAPTER XI

INVESTMENT POLICY

(Article 46(2), (3) and (5) of Regulation (EU) No 909/2014)

Concentration limits to individual entities
Article 83
1
For the purposes of Article 46(5) of Regulation (EU) No 909/2014, a CSD shall hold its financial assets in diversified authorised credit institutions or authorised CSDs in order to remain within acceptable concentration limits.
2
For the purposes of Article 46(5) of Regulation (EU) No 909/2014, acceptable concentration limits shall be determined based on the following:
a
the geographic distribution of the entities with which the CSD holds its financial assets;
b
the interdependency relationships that the entity holding the financial assets or entities of its group may have with the CSD;
c
the level of credit risk of the entity holding the financial assets.