# 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), Division I: Implementation details for CSD access criterion 1

Extent: E+W+S+N.I.

In order to receive a positive assessment against this criterion:
(a) for a CSD located in a European Economic Area (EEA) country, the CSD must be included on the list of designated systems maintained in accordance with Article 10 of Directive 98/26/EC; and
(b) for a CSD located in a non-EEA country, a legal opinion, as updated from time to time when there are material changes that might have an impact on the legal opinion or when requested by the MIB, from a firm approved by the MIB must be submitted, confirming that the CSD operates under a legal and regulatory framework equivalent to the relevant one in force in the Union.

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Source: https://www.legislation.gov.uk/eudn/2011/20/annex/division/I (the official version)
Page: https://openlegislation.uk/eu-decision-2011-20/annex/division-I
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.