{
  "url": "https://openlegislation.uk/eu-regulation-2017-392/article-2",
  "json_url": "https://openlegislation.uk/eu-regulation-2017-392/article-2.json",
  "legislation": "eur/2017/392",
  "legislation_title": "Commission Delegated Regulation (EU) 2017/392 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 authorisation, supervisory and operational requirements for central securities depositories (Text with EEA relevance)",
  "legislation_url": "https://openlegislation.uk/eu-regulation-2017-392",
  "path": "article/2",
  "kind": "article",
  "number": "2",
  "heading": "Determination of most relevant currencies",
  "text": "1. The most relevant currencies referred to in point (b) of Article 12(1) of Regulation (EU) No 909/2014 shall be identified according to either of the following calculations:\n(a) the relative share of each Union currency in the total value of the settlement by a CSD of settlement instructions against payment, calculated over a period of one year, provided that each individual share exceeds 1 %;\n(b) the relative share of settlement instructions against payment settled by a CSD in a Union currency compared to the total value of settlement instructions against payment settled in that currency across all CSDs in the Union, calculated over a period of one year, provided that each individual share exceeds 10 %.\n2. The calculations referred to in paragraph 1 shall be done on an annual basis by the competent authority of each CSD.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eur/2017/392/article/2",
    "retrieved_at": "2026-11-01T14:45:08.676264+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."
}