The European Securities and Markets Authority (ESMA) has published the official EU language versions of the following guidelines under the Central  Securities Depository Regulation (CSDR):

  • guidelines on CSD participants default rules and procedures. The purpose of these guidelines is to ensure common, uniform and consistent application of the provisions in Article 41 of the CSDR. In particular, they aim at ensuring that central security depositories (CDSs) define and apply clear and effective rules and procedures to manage the default of any of their participants (this covers all types of participants, i.e. including participants that are CSDs or other types of market infrastructures and, in those Member States that have chosen to consider indirect participants as participants, pursuant to Article 2(f) of the Settlement Finality Directive, also indirect participants); and
  • guidelines on access by a CSD to the transaction feeds of central counterparties (CCPs) and trading venues. The purpose of these guidelines is to 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.

Both sets of guidelines apply to Member State national competent authorities (NCAs). Within two months NCAs must notify ESMA whether they comply or intend to comply with the guidelines

View Official EU language translations of ESMA guidelines under CSDR, 8 June 2017