The outgoing Irish Presidency of the Council (Presidency)has reported on the stage it has reached in negotiation towards a Regulation on Central Securities Depositories (CSDs). It says it has made progress, but several issues are outstanding, including the need for further discussion on settlement discipline, a third country regime and the need for authorisation of CSDs that are also authorised to provide banking services. This is the main area of debate, with some Member States opposing the need for authorisation for banking CSDs and some opposing the proposal that the European Securities and Markets Authority (ESMA) should have the final decision on authorisation. The Irish Presidency urges the Lithuanian Presidency to continue the negotiations. (Source: Presidency Reports on CSD Regulation Progress)