ECSDA views and news

ECSDA views and news

ECSDA Enhances Governance and Aligns Articles of Association with Belgian Company Code
In a strategic move, during its General Meeting on Friday, 24 November 2023, ECSDA undertook significant changes to fortify its governance structure and bring its Articles of Association in line with the Belgian company code. Governance Restructuring for Enhanced Efficiency
ECSDA welcomes Verðbréfamiðstöð íslands as a new member
We are delighted to announce that the recent general meeting, held on 24 November, marked the inclusion of a new member to the ECSDA family — Verðbréfamiðstöð Íslands hf. The ECSDA team is thrilled to welcome them aboard and looks
ECSDA publishes its Settlement efficiency considerations
In November, one year and a half after the implementation of the Settlement Discipline Regime, the ECSDA Settlement Working Group is releasing this discussion paper to share its preliminary analysis about the main root causes of settlement fails in Europe,
ECSDA Responds to Faster and Safer Relief of Excess Withholding Taxes EC Consultation
On 18 September, The European Central Securities Depositories Association (ECSDA) welcomed the European Commission’s Proposal for a new EU system for the avoidance of double taxation and prevention of tax abuse in the field of withholding tax. We salute the
We congratulate five CSDs for having successfully joined T2S
On 11 September, five new CSDs successfully joined the TARGET2-Securities (T2S) platform: Central Depository AD (CDAD), Bulgaria - release SKDD, Croatia - release Euroclear Finland - release Euroclear Bank - release Bulgarian National Bank Government Securities Settlement System, Bulgaria -
ECSDA Response to the IOSCO Policy Recommendations for Crypto and Digital Asset Markets Consultation Report
Today, 31 July, ECSDA responds to the IOSCO Policy Recommendations for Crypto and Digital Asset Markets Consultation Report. ECSDA welcomes the overall direction chosen by IOSCO in its consultation while at the same time suggests a way forward that may
ECSDA recruits a Governement & Public Affairs Adviser
About ECSDA The European Central Securities Depositories Association (ECSDA) represents 39 national and international central securities depositories (CSDs) across 35 European countries. Central Securities Depositories are financial market infrastructures of crucial importance for EU and global financial stability. The association
ECSDA Webinar on ISO messages for financial transactions
On 4 July, from 10.00 to 11.30 CET, ECSDA held a webinar on ISO messages for financial transactions. Together with the broad stakeholder community of industry associations in Europe and globally, as well as other Financial Market Infrastructures, CSD participants,
EU Council & Parliament reached agreement on CSDR REFIT
European Council and Parliament reach an agreement on the Central Security Depository Regulation REFIT Procedure! This concludes a long process that aims to reduce compliance costs and regulatory burdens for CSDs, simplifying the passport regime and also enhancing cooperation among
ECSDA Welcomes the Commission Proposal for Simpler Withholding Tax procedures
The European Central Securities Depositories Association (ECSDA) welcomes the European Commission Proposal for a new EU system for the avoidance of double taxation and prevention of tax abuse in the field of withholding tax. The proposal aims to simplify procedures
European CSDs set a timeline for ISO 20022
Today, 26 May 2023, ECSDA publishes its considerations on ISO messages for financial transactions and recommendations on their use. The basis for CSD engagement with local communities and relevant stakeholders and further preparations. The messages for General meetings should be
ECSDA issues its updated CSDR Penalties Framework
Today, 28 April 2023 ECSDA issued the update of the ECSDA CSDR Settlement fails Penalties Framework. The change takes into account the postponement of the collection of payment by CSD participants giving them an additional day to collect the payment
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

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