RegAlert2019-02-05 | NBB_2019_02Added · Updated
Guidelines on Internalised Settlement Reporting implementing Article 9 of Regulation (EU) No 909/2014
Settlement internalisers must report the aggregated volume and value of securities transactions settled outside securities settlement systems to the National Bank of Belgium on a quarterly basis. The first reporting period covers 1 April 2019 to 30 June 2019, with the initial report due by 12 July 2019. Subsequent reports must be submitted electronically via the NBB's OneGate application using XML files within 10 working days after the end of each quarter. Institutions in scope must notify the NBB of their obligation or any cessation of internalised settlement activities via email.
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DEBELG1QUE VAN BELGIE
Eurosystem
Circular
Brussels, 5 February 2019
Reference: NBB 2019 02
Contact persons:
KrisBollen/FilipSaffer
Phone +32 2 221 52 06 / 32 03 kris.bollen@nbb.be / filip.saffer@nbb.be Guidelines on Internalised Settlement Reporting implementing Article 9 of Regulation (EU) No 909/2014 of the European Parliament and the Council of 23 July 2014 on improving securities settlement in the European Union and on central securities depositories, hereinafter referred to as the "ESMA Guidelines' - ESMA70-151-12581 SCQBg Art. 2(1)(11) of Regulation (EU) No 909/2014: 'settlement internaliser' means any institution, including one authorised in accordance with Directive 2013/36/EU or with Directive 2014/65/EU, which executes transfer orders on behalf of clients or on its own account other than through a securities settlement system. The ESMA Guidelines further specify that internalised settlement can happen at different levels of a securities holding chain (global custodians, sub-custodians, etc.), and it should be reported at the level where it takes place. Each settlement internaliser should be responsible for reporting the settlement that has been internalised in its books only.^ Summarv/Obiective This circular aims to implement the guidelines of the European Securities and Markets Authority (ESMA) of 28 March 2CM8 on Internalised Settlement Reporting under Article 9 of Regulation (EU) No 909/2014 (hereinafter referred to as the 'CSDR'). Dear Sir, Dear Madam, This Circular aims to implement the guidelines of the European Securities and Markets Authority (ESMA) of 28 March 2018 on Internalised Settlement Reporting under Article 9 of CSDR. The ESMA Guidelines will be translated into the official languages of the European Union and published on the following ESMA website: httDS://www. esma. euroDa. eu/reaulation/Dost-tradina/settlement. 1 httDS://www.esma.euroDa. eu/sites/default/files/librarv/esma70-151-1258 final report csdr Quidefines on intemalised settlement reportinQ. pdf 2 ESMA Guidelines, Entities responsible for reporting to competent authorities. NBB 2019 02 - 05022019 Circular - Page 1/3
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Source: National Bank of Belgium — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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