ECSDA views and news

ECSDA views and news

ECSDA & ISSA Survey on ISO20022
On 10 January, the European Central Securities Depository Association (ECSDA) and International Securities Services Association (ISSA) launched a joint survey on ISO 20022. The two Associations ask to respond to a short survey on the present and future adoption of
A new path to support rebuilding the Ukrainian economy is being opened!
Congratulations to Grupa KDPW, the CSD group of Poland, and the National Depository of Ukraine, for establishing a direct link! The link will allow Ukrainian municipal bonds issued by the regional governments to be available to foreign investors through KDPW.
ECSDA issues 2023 penalties calendar
The European Central Securities Depositories Association (ECSDA) issues the 2023 calendar, which can be found below. In the calendar, you will find highlighted the key dates of the penalties life cycle as follows: End of appeal period – 10th PBD
WFC2023 conference in Prague - Registrations are open!
From 24 to 26 May 2023, the World Forum of Central Securities Depositories (WFC), currently led by the European Central Securities Depositories Association (ECSDA), will meet in Prague on the invitation of CSD Prague. The WFC gathers five regional associations
ECSDA Board drew lessons from the experience of the Ukrainian CSD (NDU)
At its last meeting, European Central Securities Depositories Association (ECSDA) Board drew lessons from the experience of the Ukrainian CSD (National Depository of Ukraine) about their operation during the war. Oleksii Yudin, Chairman of the NDU Management Board, shared their
ECSDA Board elects WG Chairs
On 29 November, the ECSDA Board meeting remotely elected the Chair of the Policy and the Settlement Working Groups. The Policy WG will now be chaired by Chiara Rossetti, Senior Manager, Regulation for Euronext Securities Milan. As a member of
ECSDA response to ESMA Consultation on DLT Pilot Regime application guidelines
Today, 9 September 2022, ECSDA answers the ESMA Consultation to apply for permission to operate a DLT market infrastructure. Please read the full response.
ECSDA response to ESMA consultation on the amendment on Article 19
ECSDA welcomes the ESMA initiative of consulting the relevant stakeholders on the change of the dedicated penalties collection and distribution process for cleared transactions, as currently foreseen under Article 19 of Commission Delegated Regulation (EU) 2018/1229 (CDR). ECSDA is generally
ECSDA Response to the OECD Pillar 1 Report
On 19 August, the European Central Securities Depositories Associations (ECSDA) welcomed the Progress Report. In the response to the consultation, we are however highlighting the need to calibrate further the scope of activities contained in the term ‘Investment Institution’. Please
ECSDA re-elects its Chairperson and Executive Committee Members
Gathering in Brussels after two years of the pandemic, the 39 members of the European Central Securities Depositories Association (ECSDA) appointed the Association’s Board of Directors. The Board re-elected Mark Gem, as its Chairperson and elected the Executive Committee for
ECSDA responds to the EU Consultation on CSDR REFIT
ECSDA welcomes the review of the CSDR. We thank the European Commission for the opportunity to provide our contribution. We look forward to working alongside stakeholders in pursuit of a more competitive and resilient Capital Markets Union! The full document
SKDD to join T2S in 2023
On 19 May, the ECB announced that SKDD, the Croatian CSD, will migrate to Target 2 Securities in 2023. See the full release.
New Timeline for February Penalties process
After extensive evaluation and considering wide-ranging discussions of recent days, the CSDs have agreed in principle on a process for February penalties. Below we outline the timeline for the February penalties process and some of the elements that CSDs took
EU Commission Publishes Proposal to Review the CSDR
The European Commission has published the proposal for the review of the Central Securities Depositories Regulation – a key action in the 2020 CMU Action Plan. We look forward to responding to the call for feedback by delving into the
Termination of Russian CSD Membership
Today, on 9 March 2022, the ECSDA General Meeting has resolved to terminate the Associate Membership of its Russian Member, National Settlement Depository. The decision is effective immediately.
ECSDA Board agrees to proceed with the termination of membership of its Russian Member
The European Central Securities Depository Association (ECSDA) has closely monitored the situation in Ukraine and the global response to it. The Association acknowledges the strong measures that are taken by the European Union and its allies following the invasion of
Severance of correspondent relations between NDU and the CSD of the Republic of Belarus
Message on behalf of the Ukrainian CSD National Depository of Ukraine announces the severance of correspondent relations with the Central Depository of the Republic of Belarus on February 28, 2022. The complicity of Belarus in the military invasion of the
Important communication from NDU
On 24 February 2022, the National Depository of Ukraine informed ECSDA that « due to the acts of military aggression by the Russian Federation against Ukraine », the application of the martial law in Ukraine from 24.02.2022 and the relevant
SKDD receives the CSDR licence
Today, 10 February, The Central Depository and Clearing Company, Inc. (SKDD) informs capital market participants and the interested public that on 10 February 2022, the Croatian Financial Services Supervisory Agency (HANFA) announced on its website that HANFA had issued a
CSDs activate their settlement penalties mechanisms
1 February 2022 is the day of the entry into force of the Central Securities Depositories (CSD) Regulation (Regulation (EU) 909/2014) settlement penalties requirements. The requirements can be found on the website of the European Securities and Markets Authority. Most
Euronext Securities Oslo implements CSDR in Norway
On 28 January 2022, Euronext Securities Oslo (ES-OSL) obtained approval from the Norwegian FSA (NFSA) to operate as a Central Securities Depository in accordance with EUs Central Securities Depositories Regulation, (CSDR). CSDR settlement discipline will then be introduced from 1

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