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Commission Implementing Regulation (EU) 2017/394Show full title

Commission Implementing Regulation (EU) 2017/394 of 11 November 2016 laying down implementing technical standards with regard to standard forms, templates and procedures for authorisation, review and evaluation of central securities depositories, for the cooperation between authorities of the home Member State and the host Member State, for the consultation of authorities involved in the authorisation to provide banking-type ancillary services, for access involving central securities depositories, and with regard to the format of the records to be maintained by central securities depositories in accordance with Regulation (EU) No 909/2014 of the European Parliament and of the Council (Text with EEA relevance)

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Commission Implementing Regulation (EU) 2017/394 is up to date with all changes known to be in force on or before 09 February 2026. There are changes that may be brought into force at a future date. Help about Changes to Legislation

EUR 2017 No. 394 may be subject to amendment by EU Exit Instruments made by the Bank of England under powers set out in The Financial Regulators' Powers (Technical Standards etc.) (Amendment etc.) (EU Exit) Regulations 2018 (S.I. 2018/1115), regs. 2, 3, Sch. Pt. 3. These amendments are not currently available on legislation.gov.uk. Details of relevant amending instruments can be found on their website/s.

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Revised legislation carried on this site may not be fully up to date. Changes and effects are recorded by our editorial team in lists which can be found in the ‘Changes to Legislation’ area. Where those effects have yet to be applied to the text of the legislation by the editorial team they are also listed alongside the affected provisions when you open the content using the Table of Contents below.

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Changes and effects yet to be applied to :

  1. Introductory Text

  2. CHAPTER I CSD AUTHORISATION

    1. Article 1.Standard forms, templates and procedures for application

  3. CHAPTER II REVIEW AND EVALUATION

    1. Article 2.Standard forms and templates for the provision of information

    2. Article 3.Procedure for the provision of information

    3. Article 4.Provision of information to the authorities referred to in Article 22(7) of Regulation (EU) No 909/2014

    4. Article 5.Exchange of information between competent authorities

  4. CHAPTER III COOPERATION ARRANGEMENTS

    1. Article 6.General requirements for cooperation arrangements

    2. Article 7.Supervision of a branch

    3. Article 8.On-site-inspections in the branch

    4. Article 9.Exchange of information on the CSD's activities in the host Member State

    5. Article 10.CSD breach of obligations

  5. CHAPTER IV RECORD KEEPING

    1. Article 11.Format of records

  6. CHAPTER V ACCESS

    1. Article 12.Standard forms and templates for the access procedure

  7. CHAPTER VI PROCEDURE FOR AUTHORISATION TO PROVIDE BANKING-TYPE ANCILLARY SERVICES AND FINAL PROVISION

    1. Article 13.List of authorities

    2. Article 14.Transmission of information and request for a reasoned opinion

    3. Article 15.Reasoned opinion and reasoned decision

    4. Article 16.Authorisation irrespective of negative reasoned opinion

    5. Article 17.Entry into force and application

  8. Signature

    1. ANNEX I

      1. Forms and templates for the CSD application for authorisation (Article 17(10) of Regulation (EU) No 909/2014)

    2. ANNEX II

      1. Templates for submission of information for the review and evaluation (Article 22(11) of Regulation (EU) No 909/2014)

    3. ANNEX III

      1. Forms and templates for the cooperation between authorities of the home Member State and of the host Member State (Article 24(8) of Regulation (EU) No 909/2014)

    4. ANNEX IV

      1. Format of CSD records (Article 29(4) of Regulation (EU) No 909/2014)

    5. ANNEX V

      1. Forms and templates for access procedures (Articles 33(6), 49(6), 52(4) and 53(5) of Regulation (EU) No...

    6. ANNEX VI

      1. Forms and templates for the consultation of authorities prior to granting authorisation to provide banking-type ancillary services (Article 55(8) of Regulation (EU) No 909/2014)

        1. SECTION 1 Template for transmitting the relevant information and requesting of issuance...

          1. (1) On [date of submission of the application for authorisation], [Name...

          2. (2) [Name of the competent authority responsible for assessing the application...

          3. (3) [Name of the competent authority responsible for assessing the application...

        2. SECTION 2 Reasoned opinion template

          1. (1) On [date of submission of the application for authorisation], [Name...

          2. (2) [Name of the Competent Authority] has examined the completeness of...

          3. (3) Having regard to Article 55(5) of Regulation (EU) No 909/2014,...

        3. SECTION 3 Template for the reasoned decision addressing a negative reasoned opinion...

          1. (1) On [date of submission of application for authorisation], [Name of...

          2. (2) [Name of the competent authority responsible for assessing the application...

          3. (3) Having regard to the negative reasoned opinion(s) issued in accordance...

          4. (4) [Name of the competent authority responsible for assessing the application...

        4. SECTION 4 Template for the request for ESMA assistance

          1. (1) On [date of submission of the application for authorisation], [Name...

          2. (2) [Name of the competent authority responsible for assessing the application...

          3. (3) Having regard to the negative reasoned opinion(s) issued in accordance...

          4. (4) Having regard to the reasoned decision to proceed to grant...

          5. (5) Having regard to the absence of agreement over the assessment...

          6. (6) In accordance with Article 55(5) of Regulation (EU) No 909/2014,...

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