Regulatory Alerts2015-09-28
ESMA Impact Assessment on CSDR Technical Standards for CSD Requirements and Internalised Settlement
ESMA issued this impact assessment to evaluate the costs and benefits of draft Regulatory and Implementing Technical Standards under the Central Securities Depositories Regulation. The document details the methodology and findings for defining relevant currencies, CSD authorization procedures, and permissible participation structures to ensure regulatory consistency and risk management. It concludes that Option 3 for currency relevance and Option 2 for authorization requirements provide the most objective and harmonized approaches for EU market supervision.
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