🔴 #ESMA published its Peer Review Report on the national supervision of Central Securities Depositories providing cross-border services or participating in interoperable links → https://europa.eu/!XwG4hf
🔎 6 NCAs
🔎 CSDs have freedom to provide services in another Member State
🐦🔗: https://n.respublicae.eu/ESMAComms/status/1625807003875434496
🔵 Key findings
🧷 Satisfactory initial authorisation processes
🧷 Room for improvement → approval processes during #passporting procedures
🧷 Cooperation 📈
🧷 Supervision of CSDs in a holistic way
🐦🔗: https://n.respublicae.eu/ESMAComms/status/1625807006819909632
🗨️ #ESMA Chair, #VerenaRoss: The publication of this peer review marks an important juncture regarding the supervision of CSDs that make use of the freedom to provide services in other Member States → https://europa.eu/!XwG4hf
She continues 👇
🐦🔗: https://n.respublicae.eu/ESMAComms/status/1625807008451506177
ESMA - EU Securities Markets R