Chapter IX — Transitional and final provisions
Amendments to Regulation (EU) No 909/2014
Summary
Makes consequential amendments to the Central Securities Depositories Regulation (CSDR) to align it with DORA requirements and remove duplicative ICT risk management provisions applicable to central securities depositories.
Key Requirements
- 1
Amendments to CSDR for DORA alignment
- 2
Removal of duplicative ICT provisions for CSDs
- 3
Cross-references inserted to relevant DORA articles
Detailed Analysis
Article 63 amends the Central Securities Depositories Regulation (CSDR — Regulation (EU) No 909/2014) to align its ICT-related requirements with DORA. Central securities depositories (CSDs) are critical post-trade infrastructures responsible for the settlement of securities transactions and the safekeeping of financial instruments.
The amendments address the existing ICT risk and operational resilience provisions in CSDR, replacing them with cross-references to the relevant DORA articles. CSDs, as systemically important financial market infrastructures, are subject to DORA's full requirements including enhanced testing obligations under the TLPT framework.
For CSDs, these amendments consolidate their ICT risk obligations into the DORA framework while preserving the enhanced expectations that reflect their systemic importance. The interaction between CSDR's settlement discipline and business continuity provisions and DORA's testing and incident reporting requirements demands careful implementation to avoid regulatory gaps.
Ready to automate compliance with Article 63?
Valendir maps every DORA requirement to actionable controls, evidence, and workflows.