The European Securities and Markets Authority has updated its Q&As on the Regulation on improving securities settlement and regulating central securities depositories (CSDR).

The update now includes answers to the following questions:

• Is a direct contractual relationship between a central security depository (CSD) and a member of a user committee of a securities settlement system operated by that CSD mandatory?
• What entities should be covered for the purpose of the records a CSD has to keep in relation to settlement banks as referred to in Article 54(2)(l) and Article 55(2)(g), (l) and (m) of the regulatory technical standards on CSD requirements?

View ESMA updates Q&As on CSDR, 14 December 2017