User Committee

A CSD is required to establish a User Committee for the security settlement system it operates. CSDR requires representatives of issuers and clients to advise the User Committee independently from any direct influence by the management of the CSD. The User Committee will submit non-binding opinions to the management body and shall advise the Executive Board on key arrangements that may affect its members, including the criteria for accepting issuers or clients in their respective securities settlement systems and at the service level and the pricing structure.


  • European Investment Bank
  • Bank of New York Mellon
  • Citi Bank
  • BNP Paribas Securities Services
  • UBS
  • Barclays
  • Northern Trust