{
  "url": "https://openlegislation.uk/eu-regulation-2017-390",
  "json_url": "https://openlegislation.uk/eu-regulation-2017-390.json",
  "id": "eur/2017/390",
  "title": "Commission Delegated Regulation (EU) 2017/390 of 11 November 2016 supplementing Regulation (EU) No 909/2014 of the European Parliament and of the Council with regard to regulatory technical standards on certain prudential requirements for central securities depositories and designated credit institutions offering banking-type ancillary services (Text with EEA relevance)",
  "short_title": "Regulation (EU) 2017/390 supplementing Regulation (EU) No 909/2014 of the European Parliament and of the…",
  "long_title": "Commission Delegated Regulation (EU) 2017/390 of 11 November 2016 supplementing Regulation (EU) No 909/2014 of the European Parliament and of the Council with regard to regulatory technical standards on certain prudential requirements for central securities depositories and designated credit institutions offering banking-type ancillary services (Text with EEA relevance)",
  "citation": "EU Regulation 2017/390",
  "type": "eur",
  "year": "2017",
  "number": "390",
  "version": "current",
  "date": "2016-11-11",
  "revised": false,
  "valid_from": null,
  "extent": "E+W+S+N.I.",
  "unapplied_effects": 4,
  "provisions": [
    {
      "path": "introduction",
      "kind": "introduction",
      "number": null,
      "heading": "Introductory text",
      "url": "https://openlegislation.uk/eu-regulation-2017-390/introduction",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "title/I",
      "kind": "title",
      "number": "I",
      "heading": "CAPITAL REQUIREMENTS FOR ALL CSDS REFERRED TO IN ARTICLE 47 OF REGULATION (EU) No 909/2014",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "article/1",
      "kind": "article",
      "number": "1",
      "heading": "Overview of requirements regarding the capital of a CSD",
      "url": "https://openlegislation.uk/eu-regulation-2017-390/article-1",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/I"
    },
    {
      "path": "article/2",
      "kind": "article",
      "number": "2",
      "heading": "Conditions regarding capital instruments",
      "url": "https://openlegislation.uk/eu-regulation-2017-390/article-2",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/I"
    },
    {
      "path": "article/3",
      "kind": "article",
      "number": "3",
      "heading": "Level of capital requirements for a CSD",
      "url": "https://openlegislation.uk/eu-regulation-2017-390/article-3",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/I"
    },
    {
      "path": "article/4",
      "kind": "article",
      "number": "4",
      "heading": "Level of capital requirements for operational, legal and custody risks",
      "url": "https://openlegislation.uk/eu-regulation-2017-390/article-4",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/I"
    },
    {
      "path": "article/5",
      "kind": "article",
      "number": "5",
      "heading": "Level of capital requirements for investment risk",
      "url": "https://openlegislation.uk/eu-regulation-2017-390/article-5",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/I"
    },
    {
      "path": "article/6",
      "kind": "article",
      "number": "6",
      "heading": "Capital requirements for business risk",
      "url": "https://openlegislation.uk/eu-regulation-2017-390/article-6",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/I"
    },
    {
      "path": "article/7",
      "kind": "article",
      "number": "7",
      "heading": "Capital requirements for winding-down or restructuring",
      "url": "https://openlegislation.uk/eu-regulation-2017-390/article-7",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/I"
    },
    {
      "path": "title/II",
      "kind": "title",
      "number": "II",
      "heading": "CAPITAL SURCHARGE FOR CSDS AUTHORISED TO OFFER BANKING-TYPE ANCILLARY SERVICES AND FOR DESIGNATED CREDIT INSTITUTIONS, AS REFERRED TO IN ARTICLE 54 OF REGULATION (EU) No 909/2014",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "article/8",
      "kind": "article",
      "number": "8",
      "heading": "Capital surcharge resulting from the provision of intraday credit",
      "url": "https://openlegislation.uk/eu-regulation-2017-390/article-8",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/II"
    },
    {
      "path": "title/III",
      "kind": "title",
      "number": "III",
      "heading": "PRUDENTIAL REQUIREMENTS APPLICABLE TO CREDIT INSTITUTIONS OR CSDS AUTHORISED TO PROVIDE BANKING-TYPE ANCILLARY SERVICES, AS REFERRED TO IN ARTICLE 59 OF REGULATION (EU) No 909/2014",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "title/III/chapter/I",
      "kind": "chapter",
      "number": "I",
      "heading": "COLLATERAL AND OTHER EQUIVALENT FINANCIAL RESOURCES FOR CREDIT AND LIQUIDITY RISKS",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/III"
    },
    {
      "path": "article/9",
      "kind": "article",
      "number": "9",
      "heading": "General rules on collateral and other equivalent financial resources",
      "url": "https://openlegislation.uk/eu-regulation-2017-390/article-9",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/III/chapter/I"
    },
    {
      "path": "article/10",
      "kind": "article",
      "number": "10",
      "heading": "Collateral for the purposes of point (d) of Article 59(3), and point (d) of Article 59(4) of Regulation (EU) No 909/2014",
      "url": "https://openlegislation.uk/eu-regulation-2017-390/article-10",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/III/chapter/I"
    },
    {
      "path": "article/11",
      "kind": "article",
      "number": "11",
      "heading": "Other collateral",
      "url": "https://openlegislation.uk/eu-regulation-2017-390/article-11",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/III/chapter/I"
    },
    {
      "path": "article/12",
      "kind": "article",
      "number": "12",
      "heading": "Collateral valuation",
      "url": "https://openlegislation.uk/eu-regulation-2017-390/article-12",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/III/chapter/I"
    },
    {
      "path": "article/13",
      "kind": "article",
      "number": "13",
      "heading": "Haircuts",
      "url": "https://openlegislation.uk/eu-regulation-2017-390/article-13",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/III/chapter/I"
    },
    {
      "path": "article/14",
      "kind": "article",
      "number": "14",
      "heading": "Collateral concentration limits",
      "url": "https://openlegislation.uk/eu-regulation-2017-390/article-14",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/III/chapter/I"
    },
    {
      "path": "article/15",
      "kind": "article",
      "number": "15",
      "heading": "Other equivalent financial resources",
      "url": "https://openlegislation.uk/eu-regulation-2017-390/article-15",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/III/chapter/I"
    },
    {
      "path": "article/16",
      "kind": "article",
      "number": "16",
      "heading": "Other equivalent financial resources for exposures in interoperable links",
      "url": "https://openlegislation.uk/eu-regulation-2017-390/article-16",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/III/chapter/I"
    },
    {
      "path": "title/III/chapter/II",
      "kind": "chapter",
      "number": "II",
      "heading": "PRUDENTIAL FRAMEWORK FOR CREDIT AND LIQUIDITY RISK",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/III"
    },
    {
      "path": "article/17",
      "kind": "article",
      "number": "17",
      "heading": "General provisions",
      "url": "https://openlegislation.uk/eu-regulation-2017-390/article-17",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/III/chapter/II"
    },
    {
      "path": "title/III/chapter/II/section/1",
      "kind": "section",
      "number": "1",
      "heading": "Credit risk",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/III/chapter/II"
    },
    {
      "path": "article/18",
      "kind": "article",
      "number": "18",
      "heading": "Credit risk management framework",
      "url": "https://openlegislation.uk/eu-regulation-2017-390/article-18",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/III/chapter/II/section/1"
    },
    {
      "path": "title/III/chapter/II/section/1/crossheading/sub-section-1",
      "kind": "crossheading",
      "number": null,
      "heading": "Sub Section 1",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/III/chapter/II/section/1"
    },
    {
      "path": "article/19",
      "kind": "article",
      "number": "19",
      "heading": "Measurement of intraday credit risk",
      "url": "https://openlegislation.uk/eu-regulation-2017-390/article-19",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/III/chapter/II/section/1/crossheading/sub-section-1"
    },
    {
      "path": "article/20",
      "kind": "article",
      "number": "20",
      "heading": "Measurement of overnight credit exposures",
      "url": "https://openlegislation.uk/eu-regulation-2017-390/article-20",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/III/chapter/II/section/1/crossheading/sub-section-1"
    },
    {
      "path": "title/III/chapter/II/section/1/Sub/Section/2",
      "kind": "subsection",
      "number": "Sub-Section 2",
      "heading": "Monitoring Credit Risks",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/III/chapter/II/section/1"
    },
    {
      "path": "article/21",
      "kind": "article",
      "number": "21",
      "heading": "Monitoring intraday credit exposures",
      "url": "https://openlegislation.uk/eu-regulation-2017-390/article-21",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/III/chapter/II/section/1/Sub/Section/2"
    },
    {
      "path": "article/22",
      "kind": "article",
      "number": "22",
      "heading": "Monitoring overnight credit risk",
      "url": "https://openlegislation.uk/eu-regulation-2017-390/article-22",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/III/chapter/II/section/1/Sub/Section/2"
    },
    {
      "path": "title/III/chapter/II/section/1/Sub/Section/3",
      "kind": "subsection",
      "number": "Sub-Section 3",
      "heading": "Management of Intraday Credit Risks",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/III/chapter/II/section/1"
    },
    {
      "path": "article/23",
      "kind": "article",
      "number": "23",
      "heading": "General requirements for the management of intraday credit risk",
      "url": "https://openlegislation.uk/eu-regulation-2017-390/article-23",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/III/chapter/II/section/1/Sub/Section/3"
    },
    {
      "path": "article/24",
      "kind": "article",
      "number": "24",
      "heading": "Credit limits",
      "url": "https://openlegislation.uk/eu-regulation-2017-390/article-24",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/III/chapter/II/section/1/Sub/Section/3"
    },
    {
      "path": "title/III/chapter/II/section/1/Sub/Section/4",
      "kind": "subsection",
      "number": "Sub-Section 4",
      "heading": "Potential residual credit exposures",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/III/chapter/II/section/1"
    },
    {
      "path": "article/25",
      "kind": "article",
      "number": "25",
      "heading": "Potential residual credit exposures",
      "url": "https://openlegislation.uk/eu-regulation-2017-390/article-25",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/III/chapter/II/section/1/Sub/Section/4"
    },
    {
      "path": "title/III/chapter/II/section/1/Sub/Section/5",
      "kind": "subsection",
      "number": "Sub-Section 5",
      "heading": "Reimbursement procedures and sanctioning rates",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/III/chapter/II/section/1"
    },
    {
      "path": "article/26",
      "kind": "article",
      "number": "26",
      "heading": "Reimbursement procedures of intraday credit",
      "url": "https://openlegislation.uk/eu-regulation-2017-390/article-26",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/III/chapter/II/section/1/Sub/Section/5"
    },
    {
      "path": "title/III/chapter/II/section/1/Sub/Section/6",
      "kind": "subsection",
      "number": "Sub-Section 6",
      "heading": "Reporting of credit risk",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/III/chapter/II/section/1"
    },
    {
      "path": "article/27",
      "kind": "article",
      "number": "27",
      "heading": "Reporting to authorities on intraday risk management",
      "url": "https://openlegislation.uk/eu-regulation-2017-390/article-27",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/III/chapter/II/section/1/Sub/Section/6"
    },
    {
      "path": "title/III/chapter/II/section/1/Sub/Section/7",
      "kind": "subsection",
      "number": "Sub-Section 7",
      "heading": "Public disclosure",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/III/chapter/II/section/1"
    },
    {
      "path": "article/28",
      "kind": "article",
      "number": "28",
      "heading": "Public Disclosure",
      "url": "https://openlegislation.uk/eu-regulation-2017-390/article-28",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/III/chapter/II/section/1/Sub/Section/7"
    },
    {
      "path": "title/III/chapter/II/section/2",
      "kind": "section",
      "number": "2",
      "heading": "Liquidity risk",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/III/chapter/II"
    },
    {
      "path": "article/29",
      "kind": "article",
      "number": "29",
      "heading": "General rules on liquidity risk",
      "url": "https://openlegislation.uk/eu-regulation-2017-390/article-29",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/III/chapter/II/section/2"
    },
    {
      "path": "title/III/chapter/II/section/2/Sub/Section/1",
      "kind": "subsection",
      "number": "Sub-Section 1",
      "heading": "Measurement of intraday liquidity risks",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/III/chapter/II/section/2"
    },
    {
      "path": "article/30",
      "kind": "article",
      "number": "30",
      "heading": "Measurement of intraday liquidity risks",
      "url": "https://openlegislation.uk/eu-regulation-2017-390/article-30",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/III/chapter/II/section/2/Sub/Section/1"
    },
    {
      "path": "article/31",
      "kind": "article",
      "number": "31",
      "heading": "Measurement of overnight liquidity risks",
      "url": "https://openlegislation.uk/eu-regulation-2017-390/article-31",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/III/chapter/II/section/2/Sub/Section/1"
    },
    {
      "path": "title/III/chapter/II/section/2/Sub/Section/2",
      "kind": "subsection",
      "number": "Sub-Section 2",
      "heading": "Monitoring of intraday liquidity risks",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/III/chapter/II/section/2"
    },
    {
      "path": "article/32",
      "kind": "article",
      "number": "32",
      "heading": "Monitoring intraday liquidity risks",
      "url": "https://openlegislation.uk/eu-regulation-2017-390/article-32",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/III/chapter/II/section/2/Sub/Section/2"
    },
    {
      "path": "article/33",
      "kind": "article",
      "number": "33",
      "heading": "Monitoring overnight liquidity risks",
      "url": "https://openlegislation.uk/eu-regulation-2017-390/article-33",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/III/chapter/II/section/2/Sub/Section/2"
    },
    {
      "path": "title/III/chapter/II/section/2/Sub/Section/3",
      "kind": "subsection",
      "number": "Sub-Section 3",
      "heading": "Managing Liquidity Risks",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/III/chapter/II/section/2"
    },
    {
      "path": "article/34",
      "kind": "article",
      "number": "34",
      "heading": "Qualifying liquid resources",
      "url": "https://openlegislation.uk/eu-regulation-2017-390/article-34",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/III/chapter/II/section/2/Sub/Section/3"
    },
    {
      "path": "article/35",
      "kind": "article",
      "number": "35",
      "heading": "Managing intraday liquidity risk",
      "url": "https://openlegislation.uk/eu-regulation-2017-390/article-35",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/III/chapter/II/section/2/Sub/Section/3"
    },
    {
      "path": "article/36",
      "kind": "article",
      "number": "36",
      "heading": "Stress testing the sufficiency of liquid financial resources",
      "url": "https://openlegislation.uk/eu-regulation-2017-390/article-36",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/III/chapter/II/section/2/Sub/Section/3"
    },
    {
      "path": "article/37",
      "kind": "article",
      "number": "37",
      "heading": "Unforeseen and potentially uncovered liquidity shortfalls",
      "url": "https://openlegislation.uk/eu-regulation-2017-390/article-37",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/III/chapter/II/section/2/Sub/Section/3"
    },
    {
      "path": "article/38",
      "kind": "article",
      "number": "38",
      "heading": "Arrangements in order to convert collateral or investment into cash using prearranged and highly reliable funding arrangements",
      "url": "https://openlegislation.uk/eu-regulation-2017-390/article-38",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/III/chapter/II/section/2/Sub/Section/3"
    },
    {
      "path": "title/III/chapter/II/section/2/Sub/Section/4",
      "kind": "subsection",
      "number": "Sub-Section 4",
      "heading": "Reporting of Liquidity Risks",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/III/chapter/II/section/2"
    },
    {
      "path": "article/39",
      "kind": "article",
      "number": "39",
      "heading": "Reporting to competent authorities on intraday risk management",
      "url": "https://openlegislation.uk/eu-regulation-2017-390/article-39",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/III/chapter/II/section/2/Sub/Section/4"
    },
    {
      "path": "title/III/chapter/II/section/2/Sub/Section/5",
      "kind": "subsection",
      "number": "Sub-Section 5",
      "heading": "Public disclosure",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/III/chapter/II/section/2"
    },
    {
      "path": "article/40",
      "kind": "article",
      "number": "40",
      "heading": "Public Disclosure",
      "url": "https://openlegislation.uk/eu-regulation-2017-390/article-40",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/III/chapter/II/section/2/Sub/Section/5"
    },
    {
      "path": "title/III/chapter/II/section/2/Sub/Section/6",
      "kind": "subsection",
      "number": "Sub-Section 6",
      "heading": "Final provisions",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/III/chapter/II/section/2"
    },
    {
      "path": "article/41",
      "kind": "article",
      "number": "41",
      "heading": "Transitional provisions",
      "url": "https://openlegislation.uk/eu-regulation-2017-390/article-41",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/III/chapter/II/section/2/Sub/Section/6"
    },
    {
      "path": "article/42",
      "kind": "article",
      "number": "42",
      "heading": "Entry into force",
      "url": "https://openlegislation.uk/eu-regulation-2017-390/article-42",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/III/chapter/II/section/2/Sub/Section/6"
    },
    {
      "path": "signature",
      "kind": "signature",
      "number": null,
      "heading": "Signature",
      "url": "https://openlegislation.uk/eu-regulation-2017-390/signature",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "annex",
      "kind": "annex",
      "number": null,
      "heading": "Winding-down or restructuring scenarios",
      "url": "https://openlegislation.uk/eu-regulation-2017-390/annex",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    }
  ],
  "outstanding_effects": [
    {
      "type": "revoked",
      "affected_provisions": "Regulation",
      "affecting": "ukpga/2023/29",
      "affecting_title": "Financial Services and Markets Act 2023",
      "affecting_provisions": "Sch. 1 Pt. 1 3"
    },
    {
      "type": "modified",
      "affected_provisions": "art. 4",
      "affecting": "uksi/2026/45",
      "affecting_title": "The Financial Services and Markets Act 2023 (Commencement No. 12 and Saving Provisions) Regulations 2026",
      "affecting_provisions": "reg. 6"
    },
    {
      "type": "modified",
      "affected_provisions": "art. 5",
      "affecting": "uksi/2026/45",
      "affecting_title": "The Financial Services and Markets Act 2023 (Commencement No. 12 and Saving Provisions) Regulations 2026",
      "affecting_provisions": "reg. 6"
    },
    {
      "type": "modified",
      "affected_provisions": "art. 8",
      "affecting": "uksi/2026/45",
      "affecting_title": "The Financial Services and Markets Act 2023 (Commencement No. 12 and Saving Provisions) Regulations 2026",
      "affecting_provisions": "reg. 6"
    }
  ],
  "made_under": [],
  "changes_made_to": 7,
  "changes_made_to_url": "https://openlegislation.uk/eu-regulation-2017-390/changes.json",
  "changes_made_by": 0,
  "changes_made_by_url": "https://openlegislation.uk/eu-regulation-2017-390/changes/by-it.json",
  "instruments_made_under": 0,
  "instruments_made_under_url": "https://openlegislation.uk/eu-regulation-2017-390/instruments.json",
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eur/2017/390",
    "retrieved_at": "2026-11-01T14:45:08.893870+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}