Regulatory Alerts2022-08-19
CSSF Circular 22/820: Application of ESMA Guidelines on Standardised Procedures and Messaging Protocols under Article 6(2) of Regulation (EU) No 909/2014
The Commission de Surveillance du Secteur Financier (CSSF) issued Circular 22/820 to implement the European Securities and Markets Authority (ESMA) Guidelines on standardised procedures and messaging protocols. This document mandates compliance with ESMA70-151-2906 regarding the application of Article 6(2) of Regulation (EU) No 909/2014 on improving securities settlement in the European Union. Financial entities subject to CSSF supervision must adhere to these standardized protocols to ensure consistent and efficient securities settlement processes.
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