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6.

The competent authority shall, before granting authorisation to the applicant CSD, consult the competent authorities of the other Member State involved in the following cases: the CSD is a subsidiary of a CSD authorised in another Member State; the CSD is a subsidiary of the parent undertaking of a CSD authorised in another Member State; the CSD is controlled by the same natural or legal persons who control a different CSD authorised in another Member State.

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Source: EUR-Lex (Cellar) · retrieved 2026-10-12 · Text as adopted (Official Journal); later amendments are not incorporated in this text.