ESMA updates key CSDR Q&A document
30 May 2018 Paris
Image: Shutterstock
The European Securities and Markets Authority (ESMA) has updated its questions and answers (Q&As) regarding the implementation of the Central Securities Depository Regulation (CSDR).
ESMA said these provide common answers to question regarding practical issues on the implementation of the new CSDR regime.
The newest version concerns the CSD investment policy and clarifies the requirement to have access to assets on the same business day when a decision to liquidate those assets has been made.
The Q&As are described by ESMA as an important tool to promote common supervisory approaches and practices in the application of the CSDR.
The document is aimed at competent authorities under the regulation to ensure that in their supervisory activities, their actions converge along the lines of the responses adopted by ESMA.
It should also help investors and other market participants by providing clarity on the CSDR requirements.
ESMA said it will continue to develop the Q&As, reviewing and updating them as required.
ESMA added that questions on the practical application of any of the CSDR requirements may be sent to it using the procedure described on the relevant page of its website.
The announcement follows on the heels of the European Commission’s release of its regulatory technical standards (RTS) concerning CSDR Settlement Discipline on 25 May.
The CSDR Settlement Discipline package is due to come into force 24 months after the relevant technical standards are published in ESMA’s Official Journal.
ESMA said these provide common answers to question regarding practical issues on the implementation of the new CSDR regime.
The newest version concerns the CSD investment policy and clarifies the requirement to have access to assets on the same business day when a decision to liquidate those assets has been made.
The Q&As are described by ESMA as an important tool to promote common supervisory approaches and practices in the application of the CSDR.
The document is aimed at competent authorities under the regulation to ensure that in their supervisory activities, their actions converge along the lines of the responses adopted by ESMA.
It should also help investors and other market participants by providing clarity on the CSDR requirements.
ESMA said it will continue to develop the Q&As, reviewing and updating them as required.
ESMA added that questions on the practical application of any of the CSDR requirements may be sent to it using the procedure described on the relevant page of its website.
The announcement follows on the heels of the European Commission’s release of its regulatory technical standards (RTS) concerning CSDR Settlement Discipline on 25 May.
The CSDR Settlement Discipline package is due to come into force 24 months after the relevant technical standards are published in ESMA’s Official Journal.
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
