Provision of banking-type ancillary services under CSDR

The ESMA has published its CSDR Report on the provision of banking-type ancillary services by central securities depositories (CSDs).

The report ist divided into four sections:

• Section 1 lists the legislative references and acronyms used
• Section 2 introduces the report, describing its scope and the sources of information used for the analysis
• Section 3 covers the findings of this report, divided in 2 subsections dedicated to (i) the authorisation process to provide banking-type ancillary services under CSDR and (ii) the conditions under which banking-type ancillary services can be provided under CSDR. Both subsections sections include an assessment of the current conditions and suggestions for improvement
• Section 4 presents a summary of ESMA’s proposals for the purposes of the EC CSDR Targeted Review.

Then, Annex I provides the questions in the survey used as the baseline for the preparation of this report and Annex II includes the list of respondents to ESMA’s survey. The entire report can be found here.