ESMA issues updated Q&A on the CSD Regulation

ESMA issues updated Q&A on the CSD Regulation

In brief, the new/modified Q&A says:

  • Links shall be assessed in compliance with the CSDR by the time of the CSD application for authorisation under CSDR
  • Communication standards requirement to use international standards is limited to :
    a) the machine-to-machine communication
    b) communication where international, fair and open standards exists
    c) where the CSD cannot/does not provide evidence that the international standards are less efficient. It is possible to use other standards if they are more efficient
  • CSD links should not be qualified as interoperable links only because of the participation of the two CSDs in T2S. T2S links are deemed interoperable only for T2S-related aspects.

Please see the full document

2 Replies to “ESMA issues updated Q&A on the CSD Regulation”

  1. This is such an excellent resource that you’re offering and you offer out at no cost. I appreciate seeing websites that realize the worth of offering a perfect helpful resource totally totally free.

Leave a Reply

Your email address will not be published.

I accept the Privacy Policy

Protected with IP Blacklist CloudIP Blacklist Cloud