ESMA publishes official translations of Guidelines under CSDR
The European Securities and Markets Authority (ESMA) has published today the official EU language versions of two sets of Guidelines under the Central Securities Depository Regulation (CSDR).
These Guidelines aim at ensuring CSDs define and apply clear and effective rules and procedures to manage the default of any of their participants.
These Guidelines specify the risks to be taken into account by a CCP or a trading venue when carrying out a comprehensive risk assessment following a request for access to the transaction feed of the CCP or of the trading venue.
National Competent Authorities (NCAs) 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 by ESMA of the Guidelines in all EU official languages.