On October 6, 2014, the European Securities and Markets Authority ("ESMA") published a letter (dated October 2, 2014) from the European Commission which confirms that the technical advice that ESMA is responsible for preparing under the Central Securities Depositories Regulation (the "CSDR") is due on June 18, 2015. The letter confirms the mandates that the Commission sent to ESMA in June 2014, before the CSDR came into force on August 28, 2014.

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