ECSDA views and news

CSDs stand ready to contribute to the new Capital Markets Union action plan

ECSDA welcomes the publication of the New Capital Markets Union Action plan. CSDs stand ready to contribute to the CMU discussions in the areas related to CSDs. We believe that the CMU should have a positive impact on future and existing

Joint Associations letter on a transition period towards full compliance with SRD II

Ahead of the compliance deadline with the reviewed Shareholder Rights Directive on 3 September 2020, ECSDA and 9 other European associations reiterated the importance for the authorities to support smooth compliance with its requirements. On 1 September, the Associations sent

ECSDA Response to ESMA on Outsourcing to Cloud Services Providers

On 31 August 2020, ECSDA responds to the ESMA Consultation Paper on Outsourcing to Cloud Services Providers. The European Central Securities Depositories Association (ECSDA) welcomes the consultation paper on Draft Guidelines on Outsourcing to Cloud Service Providers. ECSDA believes that

ESMA suggests to postpone Settlement Discipline Standards until 1 February 2022

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

Nasdaq CSD finalises migration of securities settlement platform to Icelandic securities market

On 24 August 2020, Nasdaq announced that the final step in the merger of Nasdaq CSD Iceland with Nasdaq CSD SE (Nasdaq CSD) took place with the successful technical migration of the Icelandic securities market to the Nasdaq CSD SE

ESMA is preparing a new RTS to further postpone CSDR Settlement Discipline

On 28 July, ESMA announced that it is preparing the new RTS to delay the entry into force of CSDR Settlement Discipline until 1 February 2022. The delay is due to the impact of the COVID-19 pandemic on the implementation

ECSDA answer to the FSB consultation on stablecoins

On 15 July, ECSDA responds to the Financial Stability Board consultation: Addressing the regulatory, surpervisory and oversight challenges raised by "global stabelcoin" arrangements Introductory remarks ECSDA welcomes FSB´s on-going efforts to further enhance market stability and market integrity by, among

ECSDA details further the implementation of fails penalties

ECSDA makes public the responses to the practical questions on CSDR Cash penalties implementation. Cash penalties are required to be imposed by EU legislators and aim at increasing settlement efficiency rates. You will see that this document will be

ECSDA participated in a webinar on SRDII

On 6 July 2020 ECSDA participated in a webinar on SRDII jointly organised with other members of the SRD II Industry Steering Group. Slides of the webinar Link to the video

ECSDA welcomes HLF report on CMU

Today, on 30 June 2020, ECSDA submitted its feedback to the High-Level Forum on Capital Markets Union. It welcomes the reports, and particularly appreciates the recommendations on the CSD Regulation. Full text

ECSDA responds to the EC consultation on digital finance

On 26 June, ECSDA submitted its views to the European Commission consultation on Digital Finance. Full text of the ECSDA response

ECSDA response to the NFRD consultation

On 11 June, ECSDA responded to the European Commission consultation on the review of the Non-Financial Reporting Directive. Please see the full response

CMU HLF published its final report

On 10 June, the High-Level Forum on the Capital Markets Union organised under the hospices of the European Commission published its final report. The report consists in 17 recommendations put forward with the intent of addressing relevant issues related to

ECSDA requests postponement of Settlement Discipline

On 8 June 2020, the European Central Securities Depositories Association (ECSDA) writes to request a postponement in the implementation of Settlement Discipline Regime (SDR), and Settlement penalties in particular, possibly by one year beyond the date of 1 February 2021.

Nasdaq CSD Iceland merges with Nasdaq CSD SE

On 25 May 2020, Nasdaq announced the merger of Nasdaq CSD Iceland with Nasdaq CSD SE (Nasdaq CSD). The combined company, Nasdaq CSD SE, will operate in Latvia, Estonia, Lithuania and Iceland, supervised by Baltic and Icelandic regulatory institutions cooperating

Euronext purchases majority stake in VP Securities

On 23 April 2020, Euronext N.V. announced that they have entered an agreement to acquire 70% of the share capital in VP Securities. As a result of this transaction, VP will become a part of a leading, pan-European market infrastructure

LuxCSD receives the CSDR licence

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

ECSDA welcomes KACD as associate member

ECSDA (European Central Securities Depositories Association) is pleased to welcome KACD (Central Securities Depository Joint-stock Company) based in Almaty, Kazakhstan, as its new associate member. On that occasion, Anna Kulik, Secretary-General of ECSDA stated: “ECSDA is a major harmonisation force

Joint trade association letter on the impact of Covid-19 on the implementation of the SRD II

Thursday 14 April 2020 – The European Banking Federation (EBF), the Association for Financial Markets in Europe (AFME), the International Securities Lending Association (ISLA), the Association of Global Custodians (AGC), the European Central Securities Depositories Association (ECSDA), the Securities Market

ECSDA response to the EU Consultation on Crypto-Assets 

Today, 19 March 2020, the European Central Securities Depositories Association (ECSDA) welcomes the initiative of the European Commission (EC) and wishes to share the views of Central Securities Depositories (CSDs) on this consultation. CSDs share many of the views of

ECSDA Response to the EU Consultation on Digital Operational Resilience

On Monday, 16 March 2020, ECSDA responded to the European Commission on Digital Operational Resilience. ECSDA strongly supports the European Commission (EC) in pursuing the work on operational resilience and extending the resilience expectations to all relevant financial market stakeholders.

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