On 8 December 2021, the European Securities and Markets Authority (ESMA) issued a final report containing guidelines on settlement fails reporting under Article 7 of the Central Securities Depositories Regulation (CSDR). The guidelines apply to Member State competent authorities designated under Article 11 of CSDR and to central securities depositories (CSDs) as defined in Article 2(1)(1) of CSDR. The guidelines apply in relation to Article 7(1) of CSDR and Articles 14 and 39 of the Regulatory Technical Standards (RTS) on settlement discipline. The guidelines apply from the date of entry into force of the RTS on settlement discipline

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