(48)The application of the revised scope of the rules on cash penalties, the new requirements regarding the establishment of colleges of supervisors, the submission of a notification by third-country CSDs of the core services they provide in relation to financial instruments constituted under the law of a Member State, the new rules on deferred net settlement, the revised threshold below which credit institutions may offer to settle the cash payments for part of the CSD’s securities settlement system and the revised prudential requirements applicable to credit institutions or CSDs authorised to provide banking-type ancillary services pursuant to Article 59 of Regulation (EU) No 909/2014 should be either deferred or subject to appropriate transitional provisions to give sufficient time for the adoption of the necessary delegated acts further specifying such requirements. Given the amendments introduced by this Regulation with regard to the procedure concerning the freedom to provide services in another Member State, it is also appropriate to clarify the rules that should apply to the provision of services by CSDs in Member States other than the home Member State and the setting up of a branch in another Member State. Given the amendments introduced by this Regulation with regard to the frequency and content of the reports that ESMA is to submit to the Commission, the application of the provisions governing the content of some of those reports should be deferred to ensure that ESMA has sufficient time to prepare the new reports and that only the reports that are to be prepared under the existing provisions will be required to be submitted by 30 April 2024.