The only exclusion from this should be where due to other public policy requirements, in particular in relation to efficient and transparent collection of taxation, a CSD and its participants are required to provide individual client segregation for citizens and residents of and legal persons established in a Member State where, at the date of entry into force of this Regulation, such individual client segregation is required under the national law of the Member State under which the securities are constituted and only for citizens, residents of and legal persons established in that Member State.
Ba cheart go mbeadh eisiamh amháin ón bhforáil seo i gcás i ngeall ar cheanglas eile beartais phoiblí, go háirithe maidir le bailiú éifeachtach agus trédhearcach cánacha, go mbeadh gá ar TLU agus a rannpháirtithe leithscaradh cliaint aonair a sholáthar do shaoránaigh agus do chónaitheoirí agus do dhaoine dlítheanacha atá bunaithe i mBallstát ina bhfuil, faoi dháta theacht i bhfeidhm an Rialacháin seo, gá leis an léirscaradh cliaint aonair seo faoi dhlí náisiúnta an Bhallstáit faoina mbunaítear na hurrúis agus do shaoránaigh, do chónaitheoirí agus do dhaoine dlítheanacha atá bunaithe sa Bhallstát sin agus dóibh siúd amháin.