CHAPTER III

AUTHORISATION OF CSDs

(Article 17 of Regulation (EU) No 909/2014)
SECTION 7

CSD links
Article 36
Where the applicant CSD has established or intends to establish CSD links, the application for authorisation shall contain the following information:
1. a description of the CSD links accompanied by assessments of potential sources of risks arising from those link arrangements by the applicant CSD;
2. the expected or actual settlement volumes and values of the settlement performed within the CSD links;
3. the procedures concerning the identification, assessment, monitoring and management of all potential sources of risk for the applicant CSD and for its participants arising from the link arrangement and the appropriate measures put in place to mitigate them;
4. an assessment of the applicability of insolvency laws applicable to the operation of a CSD link and their implications for the applicant CSD;
5. other relevant information requested by the competent authority for assessing the compliance of CSD links with the requirements provided in Article 48 of Regulation (EU) No 909/2014 and Chapter XII of this Regulation.