Consultation on Amendments to the Guidelines on standardised procedures and messaging protocols under CSDR

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Responding to this paper 

ESMA invites comments on all matters in this paper and in particular on the specific questions summarised in Annex I. Comments are most helpful if they:

  • respond to the question stated;
  • indicate the specific question to which the comment relates;
  • contain a clear rationale; and
  • describe any alternatives ESMA should consider.

ESMA will consider all comments received by 7 July 2026.

All contributions should be submitted online using the related response form in docx format.

Publication of responses

All contributions received will be published following the close of the consultation, unless you request otherwise.  Please clearly and prominently indicate in your submission any part you do not wish to be publicly disclosed. A standard confidentiality statement in an email message will not be treated as a request for non-disclosure. A confidential response may be requested from us in accordance with ESMA’s rules on access to documents. We may consult you if we receive such a request. Any decision we make not to disclose the response is reviewable by ESMA’s Board of Appeal and the European Ombudsman.

Data protection

Personal data contained in the file will be published as submitted. If you don't wish such personal data to be publicly available, you should not include personal data within the document you upload to a public consultation. Alternatively, you may choose the option to not have your response published on the ESMA website. For further details on data processing, please refer to the record register.

Information on data protection can be found in the Legal Notice and Data Protection section.

Who should read this paper?

This consultation paper is primarily addressed to investment firms, credit institutions, their professional clients, central securities depositories (CSDs) and CSD participants.

Activity Institution Download
Others ARGA Observatory
  • 221416
Investment Services Raiffeisen Bank Zrt.
  • 222324
Investment Services Concorde Securities Ltd
  • 221880
Others IDM Polish Investment Firms Chamber
  • 221980
Others The Depository Trust & Clearing Corporation
  • 222125
Others Dutch Advisory Committee Securities Industry (DACSI)
  • 222386
Investment Services AMF Italia - Associazione Intermediari Mercati Finanziari
  • 222320
  • 222321
Others Association for Financial Markets in Europe (AFME)
  • 222344
Asset Management German Investment Funds Association BVI
  • 222345
Banking Deutsche WertpapierService Bank AG
  • 222384
Banking NORD/LB
  • 222385
Banking Bank of Valletta Plc.
  • 222388
Others Italian Banking Association (ABI)
  • 222408
  • 222409
Others AMAFI
  • 222415
  • 222417