ESMA Guidelines and Recommendations

ESMA publishes official translations of Guidelines under CSDR

ESMA Guidelines and Recommendations

Date: 23 June 2017

On 8 June 2017, the European Securities and Markets Authority (ESMA)  published the official EU language versions of two sets of Guidelines under the Central Securities Depository Regulation (CSDR).

Guidelines on CSD participants default rules and procedures

These Guidelines aim at ensuring CSDs define and apply clear and effective rules and procedures to manage the default of any of their participants.

Guidelines on access by a CSD to the transaction feeds of CCPs and trading venues

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.

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Regulated Markets