ESMA_QA_1232
Topic
CSD questions - Organisational requirements (governance arrangements, record keeping, outsourcing, user committee)
26/09/2018
Subject Matter
Organisational requirements: general
Question
(a) Can a CSD have a combined audit and risk committee?
(b) Should each of the risk, audit and remuneration committees be composed of entirely different members?
(c) Which information is a CSD required to submit about changes in its management (board members and CEO)?
(d) Article 27(2) of CSDR requires that “at least one third, but no less than two, of [the] members [of the management body] are independent”. What does “independent” mean in respect of members of the management body?
(e) Are there any staff or category of staff that a CSD may not share with another entity of the same group of companies?
(f) Is a direct contractual relationship between a CSD and a member of a user committee of a securities settlement system operated by that CSD mandatory?
(g) Could a CSD share its risk monitoring committees (Article 48 of the RTS on CSD Requirements) with other entities of the same group?
(h) Could risk monitoring committees of CSDs belonging to the same group have identical memberships?
(i) Which services or activities of a CSD are in the scope of Article 30 of CSDR (Outsourcing)?
Level 1 Regulation
Central Securities Depositories Regulation (CSDR) Regulation (EU) No 909/2014- PTR- CSDR
ESMA_QA_1230
Topic
General questions - Other topics
26/09/2018
Subject Matter
Book-entry form
Question
Article 3(2), second subparagraph, of CSDR provides that “transferable securities transferred following a financial collateral arrangement as defined in point (a) of Article 2(1) of the Financial Collateral Directive [FCD] shall be recorded in book-entry form in a CSD on or before the intended settlement date”.
(a) Which transferable securities are in the scope of Article 3(2), second subparagraph, of CSDR?

(b) Where transferable securities are transferred following a financial collateral arrangement in accordance with Article 3(2), second subparagraph, of CSDR, when is the intended settlement date?
Level 1 Regulation
Central Securities Depositories Regulation (CSDR) Regulation (EU) No 909/2014- PTR- CSDR
ESMA_QA_1700
Topic
ESMA70-1861941480-56 Questions and Answers on MiFIR reporting
26/09/2018
Subject Matter
FIRDS fields 8 to 11
Question
How should a trading venue or SI populate fields 8 to 11 in reports under Art. 4 MAR and Art. 27 MiFIR?
Level 1 Regulation
Markets in Financial Instruments Regulation (MiFIR) Regulation (EU) No 600/2014- MDP
ESMA_QA_1697
Topic
ESMA70-1861941480-56 Questions and Answers on MiFIR reporting
26/09/2018
Subject Matter
Interest Rate Swaps reporting
Question
How should a transaction in an interest rate swap admitted to trading on a trading venue or traded on a trading venue be reported under Article 26 and Article 27 of MiFIR?
Level 1 Regulation
Markets in Financial Instruments Regulation (MiFIR) Regulation (EU) No 600/2014- MDP
ESMA_QA_1696
Topic
ESMA70-1861941480-56 Questions and Answers on MiFIR reporting
26/09/2018
Subject Matter
Interest Rate Swaps reporting
Question
What is the relationship between the interest rate term of the interest rate swap contract (tenor) field 41 (of Table 3 of Commission Delegated Regulation 2017/585 ) and expiry date and the ISIN?
Level 1 Regulation
Markets in Financial Instruments Regulation (MiFIR) Regulation (EU) No 600/2014- MDP