ECSDA views and news

ESMA requests the Commission to postpone Settlement Discipline to 1 Feb.2021

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

Clearstream Banking AG (Germany) receives the licence under CSDR

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

ECSDA to welcome CSD participants at workshop on the CSDR Penalties Framework

The ECSDA CSDR Penalties Framework Workshop will take place on Thursday, 13 February at Clearstream, Mergenthalerallee 61, 65760 Eschborn (Frankfurt), Germany. Registrations will start at 10:30 and the meeting at 11:00. If you wish to attend the workshop, please register

Standards on Corporate actions, Collateral management & Triparty

On 30 December 2019, Eurosystem has officially published the European standards for Securities and Collateral for Corporate actions, collateral management, triparty collateral and billing (for the purposes of the Eurosystem Collateral Management System). Although elaborate in the context of preparation

Monte Titoli receives the licence to operate under the EU CSD Regulation

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

Depozitarul Central receives the licence under the EU CSD Regulation

On 19 December, Depozitarul Central, the Romanian 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

Euroclear Bank receives a licence under the EU CSD Regulation

On 5 December, Euroclear Bank, the Brussels-based international central securities depository and ECSDA member announced that it has obtained a licence to operate under the Central Securities Depositories Regulation (CSDR). Please read the full release. The list of CSDs authorised

#ECSDA2019: a day towards financial infrastructures of tomorrow

With a line-up of prestigious speakers, panellists and moderators, ECSDA attracted over 190 participants at the Auditorium of the National Bank of Belgium in Brussels on 20 November 2019. The headline of the conference “Towards the Financial Infrastructures of Tomorrow”

ECSDA issues the CSD Regulation Settlement Fail Penalties Framework

On 20 November 2019, ECSDA issues the CSDR Settlement Fail Penalties Framework. It can be used by Central Securities Depositories (CSDs) and their participants as a market practice on how CSDs should develop harmonised settlement fail penalties mechanisms, under the

Euroclear Sweden received the CSDR license

On 14 November 2019, Euroclear Sweden received its license to operate under the European Union Central Securities Depository Regulation (CSDR) (Regulation909/2014/EU) from the Swedish Financial Supervisory Authority. More information on the Authorisation can be found here. The list of CSDs

KDD received the licence to operate under EU CSDR

On 26 September 2019, KDD Central Securities Clearing Corporation, Ljubljana, was granted the licence to continue providing services as a Central Securities Depository (CSD) from the Slovenian Securities Marketing Agency, pursuant to Article 17 of the Regulation (UE) 909/2014 on

Iberclear is granted CSDR licence

On Monday 23 September, IBERCLEAR has been granted the authorization to continue providing services as a Central Securities Depository (CSD), pursuant to Article 17 of the Regulation (UE) 909/2014 on improving securities settlement in the European Union and on central

Euroclear Finland received a licence to operate under EU CSDR

On 21 August 2019, Euroclear Finland, ECSDA Member, received a licence to operate under the European regulation n° 909/2014 on settlement and central securities depositories (CSDR) from the Finnish Ministry of Finance. More information can be found here. The list

ECSDA raises concerns on EDDI & suggests a solution to increase depth of issuance in EU

On 9 July 2019, ECSDA responded to the ECB public consultation on EDDI (European Distribution for Debt Instruments) initiative. ECSDA welcomes the ECB market consultation on its possible European Distribution of Debt Instruments (EDDI) initiative. ECSDA is committed to further

ECSDA updates the draft CSDR Settlement Discipline Penalties Framework

On 3 July 2019, ECSDA published the updated version of the draft ECSDA CSDR Settlement Discipline Penalties Framework. The updated version of document can be found here. The main chapters in the ECSDA Draft CSDR Settlement Discipline Penalties Framework include:

Mathias Papenfuß, Brigitte Daurelle and Indars Aščuks re-elected ECSDA Chair and Vice-chairs

ECSDA Board re-elected Mathias Papenfuß (Clearstream) as Chairman, Brigitte Daurelle (Euroclear ESES CSDs) and Indars Aščuks (Nasdaq CSD) as Vice-Chairs and Georg Zinner (OeKB CSD) as Treasurer.

Euroclear ESES CSDs are granted a CSD licence under CSDR

Euroclear Belgium, Euroclear France, and Euroclear Nederland (the ‘ESES CSDs’) have been authorised by their national autorities under European regulation n° 909/2014 on central securities depositories, placing their entity under the European regulatory framework. Please see the full release The list

Forward-looking thinking of European CSDs at the WFC Innovation panel in Marrakech

The WFC 2019 in April has shown us a beautiful range of European CSDs speakers. We would like to bring to your attention the materials used for presentation by some of them during the Innovation panel. The panel was moderated

Astana International Exchange CSD became ECSDA’s associate member

ECSDA (European Central Securities Depositories Association) is pleased to welcome AIX CSD (Astana International Exchange Central Securities Depository), as its new associate member. AIX CSD is based in the Astana International Financial Centre (AIFC) – expected to become a leading

ECSDA feedback on the CMH-TF standards

The European Central Securities Depositories association (ECSDA) appreciates to possibility to contribute to further improvement of the AMI-SeCo on the Collateral Management Harmonisation Task Force (CMH-TF) draft standards. ECSDA welcomes and supports the harmonisation efforts undertaken by the CMH-TF and

ESMA to recognise the UK CSD in case of no-deal Brexit

ESMA announced the 1th of March 2019 that, in a case of a no-deal Brexit scenario, the CSDs established in the UK, Euroclear UK and Ireland Limited, will be recognised as a third country CSDs to provide their services in the

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