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Section 53p

Power to issue orders for supervision under Regulation (EU) No 909/2014

Without prejudice to the other provisions of this Act, the Federal Institute may, vis-à-vis a central securities depository within the meaning of Article 2(1), point 1, of Regulation (EU) No 909/2014, a designated credit institution or central securities depository within the meaning of Article 54(2a) of Regulation (EU) No 909/2014, their superordinate undertakings, and members, the members of their governing bodies, their employees, and other natural or legal persons who effectively control their business or to whom activities within the meaning of Article 30 of Regulation (EU) No 909/2014 have been outsourced, or who are otherwise subject to Regulation (EU) No 909/2014, issue all orders that are suitable and necessary to ensure compliance with the requirements of Regulation (EU) No 909/2014, the delegated acts based on it, and the provisions of this Act applicable to central securities depositories.

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