On 12 November 2018, the European Securities and Markets Authority (ESMA) published an updated version of its Q&As on the implementation of the Regulation on improving securities settlement in the EU and on central securities depositories (CSDR).

The updated Q&As insert two new questions (and multiple sub-questions) concerning:

• the provision of services in other member states under Article 23(3) CSDR; and
• the calculation of cash penalties.