an assessment of the procedures and conditions under which the CSDs have been authorised to designate credit institutions or to provide themselves banking type of ancillary services in accordance with Articles 54 and 55, including an assessment of the effects that such provision may have on financial stability and competition for settlement and banking types of ancillary services in the Union;

These reports should include at least an assessment of settlement efficiency, internalised settlement, cross-border provision of services, the reasons for the rejection of access rights and any other material barriers to competition in post-trade financial services including any arising from the inappropriate use of licensing arrangements, appropriateness of penalties for settlement fails, in particular the need for additional flexibility in relation to penalties for settlement fails in relation to illiquid financial instruments and t ...[+++]he application of Member States' rules on civil liability to losses attributable to CSDs, the conditions relating to the provision of banking type of ancillary services and the sanctions regime and may contain, where necessary, recommendations of preventative or remedial actions.

(63) The Commission should be empowered to adopt regulatory technical standards in accordance with Article 290 of the Treaty on the Functioning of the European Union and with the procedure set out in Articles 10 to 14 of Regulation (EU) No 1095/2010 and 10 to 14 of Regulation (EU) No 1093/2010 with regard to the detailed elements of the settlement discipline measures; the reporting of internalised settlement; information and other elements to be included by a CSD in its application for authorisation; conditions under which the competent authorities of CSDs may approve their participations in the capital of certain legal entities, the information that different authorities shall supply each other when supervising the CSDs; the informatio ...[+++]n that the applicant CSD shall provide ESMA in its application for recognition ; the elements of the governance arrangements for CSDs; the details of the records to be kept by CSDs; the risks to be taken into account by CSDs when carrying out a comprehensive risk assessment, and competent authorities assessing the reasons for refusal of requests for access; the details of the measures to be taken by CSDs so that the integrity of the issue is maintained; the mitigation of the operational and investment risks and of the risks derived from the CSD links; the details of the capital requirements for CSDs; the elements of the procedure for access of participants and issuers to CSDs, access between CSDs and between CSDs and other market infrastructures; the details of the application for authorisation to provide banking ancillary services; the prudential requirements on credit and liquidity risks for the CSDs and designated credit institutions that are authorised to provide banking ancillary services .

'bundling practice' means the offering or the selling of an insurance product in a package with other distinct ancillary products or services where the insurance product is also made available to the consumer separately but not necessarily on the same terms or conditions as when offered bundled with the ancillary services;

(20) 'bundling practice' means the offering or the selling of an insurance product in a package with other distinct ancillary products or services where the insurance product is also made available to the consumer separately but not necessarily on the same terms or conditions as when offered bundled with the ancillary services; (20a) ‘product’ means an insurance contract covering one or more risks;

A contract having as its object the supply of products and which also covers, as an incidental matter, siting and installation operations shall be considered to be a ‘supply contract’.