The European Securities and Markets Authority (ESMA) has published the following guidelines relating to the Central Securities Depositories Regulation (CSDR):

• guidelines on the process for the calculation of the indicators to determine the substantial importance of a central securities depository (CSD) for a host Member State. The purpose of the guidelines is to ensure common, uniform and consistent application of the provisions of Article 24(4) of the CSDR. In particular, they provide guidance on the process for the collection, processing and aggregation of data and on the information necessary for the calculation of the indicators to determine the substantial importance of a CSD for the functioning of the securities markets and the protection of investors in a host Member State; and
• guidelines on the process for the calculation of the indicators to determine the most relevant currencies in which settlement takes place. The purpose of these guidelines is to ensure common, uniform and consistent application of point (b) of Article 12(1) of the CSDR. In particular, they provide guidance on the process for the collection, processing and aggregation of the data necessary for the calculation of the indicators to determine the most relevant currencies in which settlement takes place.

Both guidelines are accompanied by reporting templates in order to facilitate the reporting of data by CSDs to Member State competent authorities, and subsequently by the Member State competent authorities to ESMA.

The guidelines apply on the date when they are published in ESMA’s website in all official languages of the EU.

View ESMA issues guidelines on relevant currencies and the substantial importance of a CSD for a host Member State, 1 June 2017