ECSDA views and news

ECSDA views and news

SIX Digital Exchange obtained licenses to operate a CSD and stock Exchange for digital assets
ECSDA congratulates SIX Digital Exchange having obtained two licenses to operate a CSD as well as a stock exchange for digital assets. The authorisation was granted by the Swiss Financial Market Supervisory Authority – FINMA. These licenses will enable a
ECSDA welcomes DCU from Moldova as new Member
ECSDA welcomes the Single Central Depository of Securities from Moldova as its new Member. It is honoured to support the integration of the financial infrastructure of Moldova into the international capital markets ecosystem by sharing the best practices and standards
Report on CSDR Review consultation
On 1 July 2021, the European Commission issued its Report on the outcome of the consultation on the CSDR Review. This Report summarises the main areas to be made subject to the future EC proposal and speaks about the areas
ECSDA updates the CSD links matrix
Today, 30 June 2021, ECSDA published the updated CSD links matrix. Here are the main numbers:  ECSDA Members have between each other a total of 259 links. ECSDA Members have links with other CSDs globally for a total of 99.
European CSD Association elects new Chair and Executive Committee Members
Today, 19 May 2021, at the General Meeting of the European Association of Central Securities Depositories (ECSDA), Mathias Papenfuß stepped down from his position as Chairman of the Association’s Board. At the same meeting Brigitte Daurelle resigned from her position
ECSDA responded to the SFD consultation
Today, 7 May 2021, ECSDA responded to the European Commission consultation on the review of the Settlement Finality Directive. The full document can be found here.
Euronext completed the acquisition of the Borsa Italiana Group
Today, 29 April 2021, Euronext announces that it completed the acquisition of the Borsa Italiana Group. This acquisition is transformational for Euronext and Borsa Italiana, making the combined group the leading pan-European market infrastructure. Euronext is becoming a leader in
Clearstream receives CSDR licence for its ICSD
Today 12 April 2021, Clearstream has obtained the CSDR licence for Clearstream Banking S.A., its international central securities depository (ICSD). The authorisation is effective as of 12 April 2021. Please see the full release. The list of CSDs authorised under
ATHEXCSD operates under CSDR Licence
From today, 12/04/2021, ATHEXCSD will be providing the CSD services as stipulated in the ATHEXCSD Rulebook and the implementing Resolutions of the ATHEXCSD's Board of Directors. Please see the announcement and the full release. The list of CSDs authorised under
ECSDA Updates its By-laws
The meeting of the ECSDA Board of Directors that took place on 19 March 2020 approved the below amendments in the ECSDA By-laws: - The reference to the Belgian Company Code in the Introduction - Article 7: Procedure for the
The European Commission issues the consultation on the SFD review
The European Commission has launched the Public Consultation on the Settlement Finality Directive (SFD), inviting interested stakeholders to respond by 7 May 2021. Link to the consultation.
ECSDA response to the EC consultation on the CSDR Review
On 2 February 2021, ECSDA responded to the European consultation on the regulation on improving securities settlement in the European Union and on Central Securities Depositories (CSDR). See the full response.
ECSDA response to the EC consultation on AIFMD review
On 29 January 2021, ECSDA responded to the European Commission consultation on Alternative Investment Funds Managers Directive (AIFMD) review. Please see the full response.
ECSDA details further the implementation of fails penalties
On 9 March 2021, ECSDA published the updated version of the ECSDA CSDR Settlement Fails Penalties Framework. Cash penalties are required by the EU legislators to be imposed by CSDs and aim at increasing settlement efficiency rates. The requirements are
Keler is granted the CSDR licence
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
Euroclear UK & Ireland receives the CSDR licence
On 4 December 2020, Euroclear UK & Ireland  announced it has obtained its Central Securities Depositories Regulation (CSDR) licence from the Bank of England. Euroclear UK & Ireland is the seventh and final CSD entity in the Euroclear Group to
EC issues consultation on CSDR review and Settlement Discipline
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: CSDs authorisation & review and evaluation process (Art. 16 & 54 CSDR) – Including Question
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

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