External settlement systems

(1) As regards the connection of external settlement systems to the exchange's systems for exchange trading and the settlement of exchange transactions, reference is made to Article 35 of Regulation (EU) No 600/2014.
(2) Where several alternative settlement systems are available under subsection (1), trading participants must be free to choose which of the systems they use to settle exchange transactions.
(3) The exchange operator must notify the exchange supervisory authority electronically and without delay of the submission of applications for access under Article 7 of Regulation (EU) No 648/2012, and of the receipt of an application for access under Article 8 of Regulation (EU) No 648/2012. The electronic notification must take place in a data format and by a notification route determined by the exchange supervisory authority.