Thursday May 31 2018
News Source: Global Exchanges
Focus: Other
Type: General
Country: European Union
Link: https://www.esma.europa.eu/press-news/esma-news/esma-updates-csdr-qas-0
On 30th May 2018, the European Securities and Markets Authority (ESMA) has updated its Questions and Answers (Q&As) regarding the implementation of the Central Securities Depository Regulation (CSDR).
The CSDR Q&As provide common answers to question regarding practical issues on the implementation of the new CSDR regime. The newest of CSDR Q&A concerns the CSDs’ investment policy and clarifies the requirement to have “access to assets” on the same business day when a decision to liquidate those assets has been made.
The content of this document is aimed at competent authorities under the Regulation to ensure that in their supervisory activities, are compliant with the responses adopted by ESMA.
The aim of CSDR is to harmonise certain aspects of the settlement cycle and settlement discipline and to provide a set of common requirements for CSDs operating securities settlement systems across the EU.
For additional information please click the link above.