General Information & Client Service
  • Americas: +1.212.553.1653
  • Asia: +852.3551.3077
  • China: +86.10.6319.6580
  • EMEA: +44.20.7772.5454
  • Japan: +81.3.5408.4100
Media Relations
  • New York: +1.212.553.0376
  • London: +44.20.7772.5456
  • Hong Kong: +852.3758.1350
  • Tokyo: +813.5408.4110
  • Sydney: +61.2.9270.8141
  • Mexico City: +001.888.779.5833
  • Buenos Aires: +0800.666.3506
  • São Paulo: +0800.891.2518
March 28, 2018

ESMA published the official EU language versions of the three sets of guidelines under the Central Securities Depository Regulation (CSDR): guidelines on relevant currencies; guidelines on substantial importance of a Central Securities Depository (CSD); and guidelines on cooperation between authorities. The guidelines on supervisory cooperation apply from the date that is two months after their publication on the ESMA website in all official languages of EU. The other two guidelines apply from the date of their publication on the ESMA website in all official languages of EU.

Guidelines on relevant currencies. The guidelines aim to establish the process for collection, processing, and aggregation of data and information for the calculation of indicators to determine the most relevant currencies in which settlement takes place. The national competent authorities to which these guidelines apply must notify ESMA whether they comply, or intend to comply, with the guidelines (with reasons for non-compliance), within two months of the date of publication of the guidelines in all EU official languages.

Guidelines on substantial importance of a CSD. The guidelines aim to establish the process for collection, processing, and aggregation of data and information for the calculation of indicators to determine the substantial importance of a CSD for a host member state, to ensure that all concerned authorities are involved in the authorization procedure and supervision of each CSD. The national competent authorities to which these guidelines apply must notify ESMA whether they comply, or intend to comply, with the guidelines, within two weeks of the date of publication of the guidelines in all EU official languages.

Guidelines on cooperation between authorities. The purpose of the guidelines is to ensure consistent, efficient, and effective supervisory practices in the EU. The guidelines cover cooperation arrangements between supervisory authorities for the consultation of authorities involved in the procedure for authorizing CSDs under the CSDR. They also address communication between the home and host authorities in relation to a CSD wishing to provide cross-border services. The national competent authorities to which these guidelines apply must notify ESMA whether they comply, or intend to comply, with the guidelines, within two months of the date of publication of the guidelines in all EU official languages.

 

Related Links

Effective Date: March 28, 2018 (relevant currencies; importance of CSD); two months from March 28, 2018 (supervisory cooperation)

Keywords: Europe, EU, Securities, Translation, CSDR, Guidelines, ESMA

Related Insights
News

OSFI Proposes Changes to Guideline on Large Exposure Limits

OSFI proposed revisions to the Guideline B-2 on Large Exposure Limits, for implementation in the first quarter of 2020.

December 13, 2018 WebPage Regulatory News
News

BCBS Consults on Disclosure Rules for Leverage Ratio Window-Dressing

BCBS published a consultative document on revisions to the leverage ratio disclosure requirements to address the leverage ratio window-dressing behavior.

December 13, 2018 WebPage Regulatory News
News

PRA Updates the Policy on Approach to Systemic Risk Buffer

PRA published the final Statement of Policy on the PRA approach to the implementation of the systemic risk buffer (SRB), as proposed in the consultation paper CP29/18.

December 13, 2018 WebPage Regulatory News
News

EP Report Examines Financial Supervision and Regulation in US

European Parliament published a report that provides a concise overview of the Dodd-Frank Act, the challenges of its implementation, and efforts to roll back the Act, in large part due to what are viewed to be vague and impractical provisions.

December 12, 2018 WebPage Regulatory News
News

EBA Finalizes Guidelines on the STS Criteria in Securitization

EBA published the final guidelines that provide a harmonized interpretation of the criteria for a securitization to be eligible as simple, transparent, and standardized (STS) on a cross-sectoral basis throughout EU.

December 12, 2018 WebPage Regulatory News
News

OSFI Sets Domestic Stability Buffer for D-SIBs at 1.75%

OSFI set the level for the Domestic Stability Buffer at 1.75% of total risk-weighted assets, as calculated under the Capital Adequacy Requirements (CAR) Guideline.

December 12, 2018 WebPage Regulatory News
News

FSI Publishes Paper on Proportionality in Insurance Solvency Rules

FSI published a paper on proportionality in the application of insurance solvency requirements.

December 11, 2018 WebPage Regulatory News
News

BCBS Updates Framework for Pillar 3 Disclosure Requirements

BCBS published the updated framework for Pillar 3 disclosure requirements.

December 11, 2018 WebPage Regulatory News
News

EBA Issues Revised List of Validation Rules for Reporting

EBA revised the list of validation rules in its implementing technical standards on supervisory reporting.

December 11, 2018 WebPage Regulatory News
News

IMF Reports Assess the Stability of Financial System in Brazil

IMF published a report on the results of the Financial System Stability Assessment (FSSA) on Brazil.

December 11, 2018 WebPage Regulatory News
RESULTS 1 - 10 OF 2330