Who should read this paperThis document will be of interest to all stakeholders involved in the securities markets. CSDR and the related technical standards will affect not only CSDs but also their participants, CCPs, and other entities, directly (e.g. settlement internalisers subject to the requirements under Article 9 of CSDR, and investment firms subject to the requirements under Article 6 of CSDR) or indirectly (e.g. registrars). Given the provisions on the recognition of non-EU based CSDs this document may also be of interest to a number of non-EU stakeholders.Responding to this paperESMA invites comments on all matters in this paper and in particular on the specific questions summarised in Annex 1. Comments are most helpful if they:1. respond to the question stated;2. indicate the specific question to which the comment relates;3. contain a clear rationale; and4. describe any alternatives ESMA should consider.ESMA will consider all comments received by 19 February 2015.All contributions should be submitted online at www.esma.europa.eu under the heading ‘Your input - Consultations’, using the reply form.Publication of responsesAll contributions received will be published following the close of the consultation, unless you request otherwise. Please clearly and prominently indicate in your submission any part you do not wish to be publically disclosed. A standard confidentiality statement in an email message will not be treated as a request for non-disclosure. A confidential response may be requested from us in accordance with ESMA’s rules on access to documents. We may consult you if we receive such a request. Any decision we make not to disclose the response is reviewable by ESMA’s Board of Appeal and the European Ombudsman.Data protectionInformation on data protection can be found at www.esma.europa.eu under the heading Legal Notice.
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Consultation
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