On 16 December 2020, KELER, the central depository of Hungary, was granted an authorisation under the Central Securities Depositories Regulation (CSDR) and can now offer its clients its services supporting an efficient and secure securities market as a central securities depository operating under unified European regulations.
Please see the full release.
The list of CSDs authorised under the CSDR is provided on the CSD Facts page of the website.
On Tuesday 8 December, the European Commission issued the public consultation on the CSDR review and Settlement Discipline Regulation.
The consultation covers the following topics:
The consultation runs until 2 February 2021.
Please find the full document here.
On 26 August 2020, ESMA released its Final Report CSDR RTS on Settlement Discipline that provides explanations for the proposal to postpone the entry into force of the RTS on settlement discipline until 1 February 2022.
It is sent to the European Commission, and ESMA is submitting the draft RTS presented in Annex IV for endorsement in the form of a Commission Delegated Regulation, i.e. a legally binding instrument applicable in all Member States of the European Union. Following the endorsement of the draft RTS by the European Commission, the Commission Delegated Regulation will then be subject to the non-objection of the European Parliament and of the Council.
On 15 April, LuxCSD, the Luxembourg central securities depository (CSD) member of ECSDA obtained a licence to operate under the Central Securities Depositories Regulation (CSDR).
Please see the release.
The list of CSDs authorised under the CSDR is provided on the CSD Facts page of the website.
On 3 March, KDPW, the Polish CSD member of ECSDA obtained a licence to operate under the Central Securities Depositories Regulation (CSDR).
Please see the release.
The list of CSDs authorised under the CSDR is provided on the CSD Facts page of the website.
On 4 February, the European Securities Market Authority, ESMA, has published the Final Report “CSDR RTS on Settlement Discipline – postponed entry into force”.
The report provides explanations for the proposal of delay of the implementation of the RTS on settlement discipline, initially foreseen on 13 September 2020.
ESMA acknowledges the need for relevant stakeholders to be provided with more time to prepare the implementation of the Settlement Discipline.
This is due in particular to:
Considering all the above-mentioned elements, ESMA officially proposes (see Annex II of the report) the postponement of the date of entry into force of the RTS on settlement discipline until 1 February 2021.
Next steps:
On 21 January 2020, BaFin granted Clearstream Banking AG, as German Central Securities Depository, the licence according to Article 16 Central Securities Depository Regulation (Regulation (EU) No 909/2014) – CSDR. The licence authorises the company to provide core services and non-banking-type ancillary services under the CSDR.
Read the official Clearstream/Deutsche Börse Group Media release.
The list of CSDs authorised under the CSDR is provided on the CSD Facts page of the website.
On 19 December, Monte Titoli, the Italian CSD member of ECSDA obtained a licence to operate under the Central Securities Depositories Regulation (CSDR).
Please read the full release.
The list of CSDs authorised under the CSDR is provided on the CSD Facts page of the website.