On 9 March, as part of its preparatory work on the review of the Central Securities Depositories Regulation (CSDR), the European Commission (EC) published an inception impact assessment which in addition to confirming Q4 2021 as the timing of the proposal, also clarifies the topics the EC intends to review.
This review will assess how the EU rules on Central Securities Depositories (CSDs) are working, especially:
- how CSDs are able to operate in different countries across the EU
- how requests to use their services are handled
- whether there are other substantive barriers to competition in this sector that need to be addressed.
Depending on its findings, the EC may propose certain changes to the rules.
Click here to view the initiative.