Quarterly internalised settlement reporting

Article 9(1) of Regulation (EU) No 909/2014 (CSDR) introduced the obligation to report on internalised settlements on a quarterly basis.

 

Commission Delegated Regulation (EU) 2017/391 of 11 November 2016 sets out technical standards further specifying the content of internalised settlement reporting.

 

Commission Implementing Regulation (EU) 2017/393 of 11 November 2016 specifies the templates and procedures for the quarterly reporting and transmission of information on internalised settlements.
 

Circular CSSF 19/709 introducing quarterly internalised settlement reporting requirements pursuant to Article 9(1) of Regulation (EU) No 909/2014 (CSDR) specifies the scope of entities concerned, the file naming convention and other details relating to the communication channels for quarterly internalised settlement reporting.

 

The Final Report that includes the ESMA Guidelines on Internalised Settlement Reporting specifies which types of transactions should be reported as well as the quarterly internalised settlement reporting process.

 

ESMA published and periodically updates Q&A on the CSDR, including questions related to the internalised settlement reporting. We refer to the ESMA weblink here below for Q&A consultation.
https://www.esma.europa.eu/questions-and-answers

 

Technical Guidance for Settlement Internalisers - Report Validation Rules published by ESMA, as well as the XML templates, provide technical guidance for quarterly internalised settlement reporting.

  

The ISO 20022 XSD message for quarterly internalised settlement reporting was officially published on the ISO 20022 website on 10 October 2018. The ESMA documents below provide further information on the Message Definition Report.

ISO20022_MDRPart1_SecuritiesMarketsRegulatoryReporting_v1

ISO20022_MDRPart2_SecuritiesMarketsRegulatoryReporting_v2

ISO20022_MDRPart3_SecuritiesMarketsRegulatoryReporting_v1

 

These ESMA documents are also available on ESMA's website : https://www.esma.europa.eu/regulation/post-trading/settlement

 

The CSDR Art. 9 Handbook published here below by the CSSF describes the reporting principles to be used by the settlement internalisers in order to send the quarterly internalised settlement reporting to the CSSF. The Business Application Header (BAH) and the Business File Header mentioned in the Handbook, as well as two XML sample files can be downloaded here below.

CSDR Art. 9 Handbook

XSDs and sample files