Euronext, through its CSDs Interbolsa, Euronext VPS and VP Securities, welcomes this CSDR Consultation Paper and the opportunity to provide input to the Commission on this topic and share our views and experiences in the implementation of CSDR to date. We welcome the Commission’s goals to simplify CSDR and contribute to the development of a more integrated post-trading landscape in the EU. Although it is still too early to undertake a full review of CSDR, there are certain matters where clarifications would greatly benefit the application and implementation of the regime, notably the passporting framework as laid out in Article 23 and the threshold included in Article 54(5) in relation to the provision of banking-type ancillary services.
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