As a Central Securities Depository, Iberclear is subject to the regulation on CSDs.
European Union Regulation
Technical Standards of the Regulation
- Delegated Regulation (EU) 2017/389 (only in Spanish)
- Delegated Regulation (EU) 2017/390 (only in Spanish)
- Delegated Regulation (EU) 2017/391 (only in Spanish)
- Delegated Regulation (EU) 2017/392 (only in Spanish)
- Delegated Regulation (EU) 2017/393 (only in Spanish)
- Delegated Regulation (EU) 2017/394 (only in Spanish)
Informative Memos
- Informative Note 96/2017, of 6 October (only in Spanish)
- Process authorising Iberclear as a Central Securities Depository, pursuant to Regulation 909/2014 (only in Spanish)
- Informative Note 3/2019, of 1 February
- Informative Note 11/2019, of 3 April
- Informative Note 13/2019, of 12 April
- Informative Note 31/2019, of 23 September
- Informative Note 4/2020, of 4 January
- Informative Note 05/2025, of 10 March
White Paper
FAQ CSDR
Settlement Discipline
CSDR Follow-up Report
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1. RECONCILIATION |
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2. BOOK ENTRIES |
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5. TRANSPARENCY
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Users’ Committee |
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Fees |
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Complaints Procedure |
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Criteria and procedures for participants´access, infrastructures and issuers |
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6. RISK MANAGEMENT
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6.1 Monitoring of fails |
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Procedure in the event of insolvency |
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Procedure for the test stipulated in Q2 2019 for simulation in the event of an entitys insolvency |
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6.2 Identification of participants |
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6.3 Segregation of accounts |
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Register structure |
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Document with different levels of protection, along with associated costs for each of the accounts |
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7. INTERNALISED SETTLEMENT |
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FREQUENTLY ASKED QUESTIONS (FAQS)
The Central Securities Depositories Regulation (CSDR) is a European Union regulation that lays down requirements for the operation of central securities depositories. It affects Iberclear by obliging it to comply with high standards of security, efficiency and transparency in the settlement and custody of securities, as well as to implement measures for managing operational risks and protecting market participants.