These Guidelines are based on Article 16(1) of the ESMA Regulation. The purpose of these guidelines is to establish consistent, efficient and effective supervisory practices within the ESFS and to ensure common, uniform and consistent application of Article 7(1) of CSDR as well as Articles 14 and 39 of the RTS on settlement discipline, including the exchange of information between ESMA and the competent authorities regarding settlement fails, and the content of such reporting.
The final report is available at https://www.esma.europa.eu/sites/default/files/library/esma70-156-4717_guidelines_on_settlement_fails_reporting.pdf