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The purpose of the guidelines is to ensure consistent, efficient and effective supervisory practices within the EU in respect of cooperation arrangements between supervisory authorities for:
the consultation of authorities involved in the procedure for authorising central securities depositories (CSD) under the CSDR; and
the communication between the home and host authorities in relation to a CSD wishing to provide cross-border services.
Competent authorities to which these guidelines apply must notify ESMA whether or not they plan to comply with the guidelines, with reasons for non-compliance, within two months of the date of their publication on ESMA’s website in all EU official languages.