ESMA · ESMA_QA_1229 Answer Published
Relevant Authorities
- Regulation
- Central Securities Depositories Regulation (CSDR) Regulation (EU) No 909/2014- PTR- CSDR
- Topic
- General questions - Other topics
- Submitted
- 2017-11-11
- Answered
- 2017-11-11
Question
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?
Answer
[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.
This Q&A is published by European Securities and Markets Authority and is non-binding. It does not constitute legal advice. Updated weekly from official ESA sources.
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