Retained EU Law SI 2017/390 United Kingdom

Commission Delegated Regulation (EU) 2017/390 of 11 November 2016 supplementing Regulation (EU) No 909/2014 of the European Parliament and of the Council with regard to regulatory technical standards on certain prudential requirements for central securities depositories and designated credit institutions offering banking-type ancillary services (Text with EEA relevance)

Read it on legislation.gov.uk (opens in a new tab)
Status
In Force
Penalty ceiling
Regulated

Does it bind you?

Business-side roles with duties under this instrument.

Financial Services Firm38

Other Acts binding the same actors

If a role above is yours, these are the other instruments that most often bind it.

Financial Services Firm — also bound by 167 other Acts

What it requires

Regulations creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.

s.art001 Overview of requirements regarding the capital of a CSD Regulated
  • Hold minimum capital at all times using eligible instrumentsFinancial Services Firm
s.art002 Conditions regarding capital instruments Regulated
  • Hold capital instruments that absorb losses and rank last in insolvencyFinancial Services Firm
s.art003 Level of capital requirements for a CSD Regulated
  • Hold sufficient capital to cover all key risk categoriesFinancial Services Firm
s.art004 Level of capital requirements for operational, legal and custody risks Regulated
  • Calculate capital requirements for operational, legal and custody risksFinancial Services Firm
s.art005 Level of capital requirements for investment risk Regulated
  • Calculate capital requirements for investment risk using prescribed methodsFinancial Services Firm
s.art006 Capital requirements for business risk Regulated
  • Calculate and hold capital for business risk using prescribed methodologyFinancial Services Firm
s.art007 Capital requirements for winding-down or restructuring Regulated
  • Calculate capital requirements for winding down or restructuringFinancial Services Firm
s.art008 Capital surcharge resulting from the provision of intraday credit Regulated
  • Calculate capital surcharge for intraday credit provisionFinancial Services Firm
s.art009 General rules on collateral and other equivalent financial resources Regulated
  • Manage collateral and equivalent financial resources for CSD banking servicesFinancial Services Firm
s.art011 Other collateral Regulated
  • Use only eligible financial instruments as collateralFinancial Services Firm
s.art012 Collateral valuation Regulated
  • Establish and maintain collateral valuation policies and proceduresFinancial Services Firm
s.art013 Haircuts Regulated
  • Set and manage haircut levels for collateral using central bank benchmarksFinancial Services Firm
s.art014 Collateral concentration limits Regulated
  • Set and maintain collateral concentration limits and policiesFinancial Services Firm
s.art017 General provisions Regulated
  • Comply with credit and liquidity risk management requirementsFinancial Services Firm
s.art018 Credit risk management framework Regulated
  • Establish a credit risk management framework with policies and proceduresFinancial Services Firm
s.art019 Measurement of intraday credit risk Regulated
  • Measure and record intraday credit risk exposures dailyFinancial Services Firm
s.art020 Measurement of overnight credit exposures Regulated
  • Measure and record overnight credit exposures dailyFinancial Services Firm
s.art021 Monitoring intraday credit exposures Regulated
  • Monitor intraday credit risk and maintain recordsFinancial Services Firm
s.art022 Monitoring overnight credit risk Regulated
  • Maintain records of overnight credit exposures for 10 yearsFinancial Services Firm
s.art023 General requirements for the management of intraday credit risk Regulated
  • Manage intraday credit risk with cancellable credit linesFinancial Services Firm
s.art024 Credit limits Regulated
  • Manage intraday credit risk when setting credit limits for participantsFinancial Services Firm
s.art025 Potential residual credit exposures Regulated
  • Manage potential residual credit exposures with policies and proceduresFinancial Services Firm
s.art026 Reimbursement procedures of intraday credit Regulated
  • Set penalty interest rates that deter overnight borrowingFinancial Services Firm
s.art027 Reporting to authorities on intraday risk management Regulated
  • Report intraday credit risk management to your regulatorFinancial Services Firm
s.art028 Public Disclosure Regulated
  • Publish annual statement on how you manage credit risksFinancial Services Firm
s.art029 General rules on liquidity risk Regulated
  • Design and implement liquidity risk management policies and proceduresFinancial Services Firm
s.art030 Measurement of intraday liquidity risks Regulated
  • Measure intraday liquidity risks on a currency-by-currency basisFinancial Services Firm
s.art031 Measurement of overnight liquidity risks Regulated
  • Compare your liquid resources to overnight liquidity needs on an ongoing basisFinancial Services Firm
s.art032 Monitoring intraday liquidity risks Regulated
  • Monitor and report intraday liquidity risksFinancial Services Firm
s.art033 Monitoring overnight liquidity risks Regulated
  • Monitor and record overnight liquidity risks for each currencyFinancial Services Firm
s.art034 Qualifying liquid resources Regulated
  • Mitigate liquidity risks using qualifying liquid resourcesFinancial Services Firm
s.art035 Managing intraday liquidity risk Regulated
  • Manage intraday liquidity risk for securities settlement systemsFinancial Services Firm
s.art036 Stress testing the sufficiency of liquid financial resources Regulated
  • Run regular stress tests on your liquidity reservesFinancial Services Firm
s.art037 Unforeseen and potentially uncovered liquidity shortfalls Regulated
  • Establish rules and procedures for handling liquidity shortfallsFinancial Services Firm
s.art038 Arrangements in order to convert collateral or investment into cash using prearranged and highly reliable funding arrangements Regulated
  • Manage prearranged funding arrangements and liquidity risk for collateral conversionFinancial Services Firm
s.art039 Reporting to competent authorities on intraday risk management Regulated
  • Report intraday liquidity risk management to competent authorityFinancial Services Firm
s.art040 Public Disclosure Regulated
  • Publish annual statement on liquidity risk managementFinancial Services Firm
s.art041 Transitional provisions Regulated
  • Identify relevant currencies within 12 months of authorisationFinancial Services Firm
6 other provisions — procedural and definitional
uri:annex uri:annex
s.annex para.1 A scenario where the CSD is unable to raise new...
s.art010 Collateral for the purposes of point (d) of Article 59(3), and point (d) of Article 59(4) of Regulation (EU) No 909/2014
s.art015 Other equivalent financial resources
s.art016 Other equivalent financial resources for exposures in interoperable links
s.art042 Entry into force

Duty extraction and severity labels are Guvnor’s analysis of the instrument, not the instrument itself. Always verify against the linked source text.