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2.

A CSD that intends to settle the cash leg of all or part of its securities settlement system in accordance with Article 40(2) or otherwise wishes to provide any banking-type ancillary services referred to in paragraph 1 shall be authorised either: to offer such services itself under the conditions specified in this Article; or to designate for that purpose one or more credit institutions authorised in accordance with Article 8 of Directive 2013/36/EU.

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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.