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ESMA updates its CSDR Q&As

02 June 2017

The European Securities and Markets Authority (ESMA) has updated today its Q&As on practical questions regarding the implementation of Central Securities Depositories Regulation (CSDR).

The updated Q&As include new answers regarding certain aspects of the regime applying to central securities depositories (CSDs):

  • CSDs’ investment policy;
  • access to CSDs; and
  • conditions to provide services in another Member State.

The purpose of this document is to promote common supervisory approaches and practices in the application of the CSDR. The Q&A mechanism is a practical convergence tool used for this purpose. It should also help investors and other market participants by providing clarity on the requirements. ESMA will periodically review these Q&As and update them where required.