ESMA publishes its third report on CSDR implementation
Published By Europa [English], Fri, Jul 16, 2021 3:01 AM
The report contains suggestions to enhance the authorisation process for CSDs to provide banking-type ancillary services themselves. More importantly, it also includes several proposals to facilitate the provision of banking-type ancillary services by non-banking CSDs; in particular to enable them to offer settlement services in foreign currencies.
ESMA’s recommendations will inform the European Commission’s ongoing CSDR Targeted Review, which has identified facilitating the provision of banking-type ancillary services as a key policy priority.
Next steps
The Commission is expected to prepare a legislative proposal by the end of 2021.
Further information:
Sarah Edwards
Communications Officer
✆ +33 (1)58 36 64 23
@ press@esma.europa.eu
Press release distributed by Media Pigeon on behalf of Europa, on Jul 16, 2021. For more information subscribe and follow