The EBA publishes Final Report on draft amendments to technical standards on prudential requirements for central securities depositories

The changes are driven by the CSDR Refit, which permits banking CSDs to extend banking-type ancillary services to other CSDs. This development is specific to market infrastructure and their banking service providers, but it carries broader implications for capital markets plumbing and the competitive landscape for CSD services. For compliance teams at affected institutions, the immediate takeaway is to monitor the legislative process closely, as the draft RTS will undergo scrutiny by the European Commission and possibly the European Parliament and Council.

Firms should begin gap analysis against existing prudential frameworks, particularly around capital, liquidity, and operational risk requirements for banking-type ancillary services. Banking CSDs considering offering services to other CSDs must assess whether their current risk management, governance, and compliance frameworks can accommodate an expanded service scope. Designated credit institutions should review their contractual and regulatory arrangements with CSDs.

While no immediate compliance deadline is set, early preparation will ease implementation and reduce last-minute remediation costs. The amendments could create opportunities for banking CSDs to diversify revenue and for technology providers to offer compliance and risk solutions. Overall, this is a moderate-impact, low-urgency development for the wider financial sector, but a significant one for CSDs and their banking partners.

RegCanary will continue tracking the finalisation and national implementation of these RTS.