On March 13, the European Securities and Markets Authority (ESMA) published a new set of questions and answers (Q&As) relating to the Regulation on improving securities settlement and regulating central securities depositories (CSDs) (Regulation 909/2014) (CSDR).

The Q&As follow the publication on March 10 of six CSDR legislative acts in the Official Journal of the European Union. The Q&As focus on the compliance and other authorization requirements applicable to CSDs, which become effective on March 30 and will trigger the CSD authorization process. Prospective CSD applicants will have until the end of September to apply for authorization.

The Q&As are available here.