ECSDA Responds to the ESMA consultation on Review & Evaluation
On 9 September 2024, ECSDA responded to the ESMA consultation aimed at amending Regulation EU 2017/392 and Regulation EU 2017/394, following the amendments to Article 22 of the CSDR, which were introduced with the CSDR Refit. These amendments concern the periodic review and evaluation process to which CSDs are subjected by their competent authorities (CAs).
The response supports the development of an efficient and globally competitive regulatory framework, with suggestions to ensure consistent and proportionate information flows to competent authorities in the ex-post supervision of CSDs.