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Central securities depositories – review of EU rules
Proposal for a REGULATION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL amending Regulation (EU) No 909/2014 as regards settlement discipline, cross-border provision of services, supervisory cooperation, provision of banking-type ancillary services and requirements for third-country central securities depositories
Initiative summary:
The Commission will assess the functioning of the EU rules on central securities depositories (CSD), notably, the cross-border provision of services by CSDs, the handling of the relevant access requests and whether there are other substantive barriers to competition in relation to services subject to those rules, which could be insufficiently addressed. On that basis, the Commission may propose targeted amendments to current rules.