Retained EU Law SI 2011/20 United Kingdom

Decision of the European Central Bank of 16 November 2011 establishing detailed rules and procedures for implementing the eligibility criteria for central securities depositories to access TARGET2-Securities services (ECB/2011/20) (2011/789/EU)

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Status
In Force
Penalty ceiling
Regulated

Does it bind you?

Business-side roles with duties under this instrument.

Financial Services Firm3

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.

uri:annex/division/ii uri:annex/division/ii Regulated
  • Provide documentation and inform MIB of any compliance shortcomingsFinancial Services Firm
s.art003 Application procedure Regulated
  • Apply for T2S services with self-assessment and wait for Governing Council decisionFinancial Services Firm
s.art004 Procedure for obtaining a derogation from CSD access criterion 5 Regulated
  • Submit monthly reports to MIB if you have a derogation from CSD access criterion 5Financial Services Firm
6 other provisions — procedural and definitional
s.annex para.1 For the purposes of this Annex:
s.annex para.2 ‘basic custody services’ means the holding and administration of securities...
s.art001 Definitions
s.art002 Subject matter and scope
s.art005 Ongoing compliance with the five CSD access criteria
s.art006 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.