Solution for Central Securities Depositories Regulation (CSDR) Internalised Settlement Reporting

To comply with the CSDR requirements, we provide an efficient solution
to transmit your report to the Luxembourg authority.

EU requires improving the safety and risk management of securities settlement for investors

Luxembourg has setup an efficient framework to support EU and Non-EU financial Institutions to comply with the quarterly basis reporting obligation

EU regulation

Settlement across borders presents higher risks and costs for investors within one country. EU has adopted a regulation on central securities depositories (CSDR*) to harmonise rules. The main objective of the regulation is to increase the safety and efficiency of securities settlement and settlement infrastructures in the EU.

The article 9 of this regulation sets rules on how to report transactions settled outside a securities settlement system. This overview will allowing regulators improve safety and to manage risks.

Under Article 9 of CSDR, a settlement internaliser is required to report, to competent authorities of its place of establishment, on a quarterly basis, the aggregated volume and value of all securities transactions settled outside securities settlement systems.

ESMA's guideline on how to report internalised settlement under CSDR

Focus on Luxembourg

On 25 February 2019, the Commission de surveillance du secteur financier (CSSF) published the Circular 19/709 related to the CSDR requirement on the quarterly reporting of internalised settlement.

From July 2019, the banks and investment firms performing internalised settlements are obliged to report to the CSSF.

The CSSF transmits to ESMA the reporting information and any potential risk resulting from that settlement activity.

Fundsquare is appointed as the official channel by the CSSF.

*Regulation (EU) No 909/2014 of the European Parliament and of the Council of 23 July 2014 on improving securities settlement in the
European Union and on central securities depositories and amending Directives 98/26/EC and 2014/65/EU and Regulation (EU) No 236/2012

The transmission channel

Fundsquare’s platform, e-file, is a communication hub to transmit your report to the Luxembourg authority

  • Encrypted regulatory reports
  • Acknowledgments
  • XML reporting
  • Naming convention for files
  • Common codification
  • API authority
  • Quality check
  • Dashboard

Choose Fundsquare for your reporting

Efficient reporting  transmission
platform to CSSF

Technical interfacing to
increase automation

Tracking features to ensure
auditing and compliance

A proven solution for fulfiling requirements

We manage today a network of more than 600 filing entities 
for 1.1 million regulatory reports
 transmitted annually

Learn more about our reporting solution