Ownership rights in central securities depositories

(1) Article 27(7) of Regulation (EU) No 909/2014 applies to informing the Federal Institute and the Deutsche Bundesbank of a decision to transfer, acquire, or dispose of ownership rights in a central securities depository that provides exclusively services under Sections A and B of the Annex to Regulation (EU) No 909/2014, or that, alongside such services, conducts banking business or provides financial services that are at the same time investment services within the meaning of section 2(3) of the Securities Trading Act.
(2) The Federal Institute may prohibit the acquirer, disposer, or central securities depository from exercising voting rights, and order that the interests may be disposed of only with its consent, where 1. the conditions for a prohibition order under Article 27(8) of Regulation (EU) No 909/2014 are met, 2. the acquirer, disposer, or central securities depository has failed to comply with its duty under Article 27(7) and (8) of Regulation (EU) No 909/2014 to inform the Federal Institute and the Deutsche Bundesbank in advance, and has not made good this notification within a period set by the Federal Institute, or 3. the ownership right has been acquired or disposed of, or the proportion of the ownership right has been increased or reduced, contrary to an enforceable prohibition under Article 27(8) of Regulation (EU) No 909/2014. In the case of a prohibition under the first sentence, section 2c(2), second to ninth sentences, and section 44b apply correspondingly.