On 30 April 2019, the European Securities and Markets Authority (ESMA) published the official translations of its guidelines on internalised settlement reporting under Article 9 of the Central Securities Depositories Regulation (CSDR). The guidelines apply to Member State competent authorities (NCAs) designated under Article 11 of the CSDR and to settlement internalisers as defined in Article 2(1)(11) of the CSDR. The purpose of the guidelines is to ensure the consistent application of Article 9 of CSDR as well as the relevant provisions of the Commission Delegated Regulation (EU) 2017/391 and Commission Implementing Regulation (EU) 2017/393, including the exchange of information between ESMA and the competent authorities regarding internalised settlement.
The guidelines began applying on 30 April 2019. NCAs must notify ESMA whether they comply, or intend to comply, with the guidelines by 30 June 2019.