ESMA_QA_1229
11/11/2017
Subject Matter
Relevant Authorities
Original question
In case of provision of services by a CSD in another Member State, Article 23(4) of CSDR requires to inform the “relevant authorities of the [host] Member State”, and Article 24(4) thereof requires that, in case of substantial importance of the activities of a CSD in a host Member State, the “relevant authorities of the home Member State and of the host Member State” shall be involved in the supervision of these activities.
Which authorities should be considered as relevant authorities of the home Member State and of the host Member State?
Which authorities should be considered as relevant authorities of the home Member State and of the host Member State?
ESMA Answer
11-11-2017
Original language
[ESMA70-156-4448 CSD General Q&A 3]
Relevant authorities of the home and of the host Member States are the authorities that have been identified as “relevant authorities” under Article 12(1) of CSDR, and which are located respectively in the home Member State and the host Member State.
Status: Answer Published
Additional Information
Level 1 Regulation
Central Securities Depositories Regulation (CSDR) Regulation (EU) No 909/2014- PTR- CSDR
Topic
General questions - Other topics