Central securities depositories

In accordance with Regulation (EU) 909/2014 of the European Parliament and of the Council of 23 July 2014 on improving securities settlement in the European Union and on central securities depositories and amending Directives 98/26/EC and 2014/65/EU and Regulation (EU) No 236/2012, "central securities depository" or “CSD” means a legal person that operates a securities settlement system referred to in point (3) of Section A of the Annex and provides at least one other core service listed in Section A of the Annex, notably:
1. Initial recording of securities in a book-entry system (“notary service”)
2. Providing and maintaining securities accounts at the top tier level (“central maintenance service”).