The European Securities and Markets Authority (ESMA) has published its first set of Questions and Answers (Q&As) on the CSDR, this follows the publication in the Official Journal of the CSDR Level 2 package (except for settlement discipline which are still pending).
The focus of this set of Q&As is on CSD requirements provisions, which enter into force on 30 March 2017 and will trigger the CSD authorisation process. Prospective CSD applicants will have until the end of September 2017 to apply for authorization.
The document is available at ESMA70-708036281-2_CSDR_QAS.PDF