ESMA_QA_1229

Status: ✅ Answer Published

Link to ESMA Q&A tool: https://www.esma.europa.eu/publications-data/questions-answers/1229

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Regulatory Context

Regulation : CSDR

Level 1 Regulation: Central Securities Depositories Regulation (CSDR) Regulation (EU) No 909/2014- PTR- CSDR

Level 2 Regulation: No information available

Level 3 Regulation: No information available

Topic: General questions - Other topics

Subject Matter: Relevant Authorities

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Question

Submission Date: 11 November 2017

In case of provision of services by a CSD in another Member State, Article 23(4) of CSDR requires to inform the “relevant authorities of the [host] Member State”, and Article 24(4) thereof requires that, in case of substantial importance of the activities of a CSD in a host Member State, the “relevant authorities of the home Member State and of the host Member State” shall be involved in the supervision of these activities. Which authorities should be considered as relevant authorities of the home Member State and of the host Member State?

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ESMA Answer

Answer Date: 11-11-2017

[ESMA70-156-4448 CSD General Q&A 3] Relevant authorities of the home and of the host Member States are the authorities that have been identified as “relevant authorities” under Article 12(1) of CSDR, and which are located respectively in the home Member State and the host Member State.

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This document was automatically extracted from the ESMA EMIR Q&A database.