On 9 October 2026, the European Banking Authority (EBA) issued a Final Report on draft regulatory technical standards (RTS) on amending Commission Delegated Regulation (EU) 2017/390 supplementing the Central Securities Depositories Regulation (CSDR) on prudential requirements for central securities depositories (CSDs) and designated credit institutions offering banking-type ancillary services.
Background
The aim of Regulation (EU) 2023/2845 (CSDR Refit) is to make securities settlement in the EU more efficient and improve the attractiveness of the EU’s capital markets. As part of CSDR Refit, it was identified that there appears to be limited access by non-banking CSDs to commercial bank money, in particular to be able to offer settlement in foreign currencies to their participants, which limits their business development and competitiveness.
One measure taken to address this was broadening the range of entities that can offer banking-type ancillary services to non-banking CSDs. This was previously limited to designated credit institutions which exclusively provide the banking type ancillary services listed under Section C of the Annex of CSDR. Under CSDR Refit, banking CSDs can now provide banking services to other CSDs pursuant to point (b) of Article 54(2a).
A potential result of this policy measure is a change in the risk profile of CSDs, particularly from potential credit, liquidity and concentration risks resulting from the provision of those services. The RTS under Commission Delegated Regulation (EU) 2017/390 delivered the prudential framework set out under the CSDR but does not consider the additional risks from the new service option provided by the CSDR Refit. As such, the CSDR Refit mandates the EBA to revise the RTS in Commission Delegated Regulation (EU) 2017/390.
On 3 December 2025, the EBA issued a consultation paper containing draft RTS amending Delegated Regulation 2017/390. The consultation closed on 3 March 2026.
In the Final Report the EBA sets out the final draft RTS amending Commission Delegated Regulation (EU) 2017/390 and provides its response to the feedback to its consultation.
Next steps
The draft RTS will be submitted to the European Commission for endorsement before being published in the Official Journal of the European Union.