Supervision of CSDs

In accordance with Article 22 of Regulation (EU) No 909/2014 of 23 July 2014 on improving securities settlement in the European Union and on central securities depositories (CSDR), the CSSF shall review, at least on an annual basis, the arrangements, strategies, processes and mechanisms implemented by the authorised CSDs to comply with the CSDR requirements and evaluate potential risks to which the authorised CSDs might be exposed or which it creates for the markets.

The information to be provided by the authorised CSD to the CSSF are detailed in the Articles 40 to 45 of Commission Delegated Regulation (EU) 2017/392 of 11 November 2016 supplementing Regulation (EU) No 909/2014 with regard to regulatory technical standards on authorisation, supervisory and operational requirements for central securities depositories (RTS on CSD Requirements) and Articles 2 to 5 of Commission Implementing Regulation (EU) 2017/394 of 11 November 2016 laying down implementing technical standards with regard to standard forms, templates and procedures for authorisation, review and evaluation of central securities depositories, for the cooperation between authorities of the home Member State and the host Member State, for the consultation of authorities involved in the authorisation to provide banking-type ancillary services, for access involving central securities depositories, and with regard to the format of the records to be maintained by central securities depositories (ITS on CSD Requirements).