The remit of the cross-border Market Advisory Committee (XMAC) is to engage in a two-way consultation process on all key cross-market issues relating to the services offered by the (I)CSDs in the Euroclear group.
The types of issues the XMAC is mandated to discuss include:
- cross-market harmonisation proposals
- cross-market level playing-field issues
- proposed cross-market services and related tariffs
- the prioritisation of cross-market service developments