ECSDA views and news

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 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 updated

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 CMU HLF published its final report The report consists in 17 recommendations put forward with the intent of addressing relevant issues related to corporate access to finance, pan-European market architecture, retail investment and cross-border investment. Recommendation

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.

KDPW receives the licence under CSDR

On 3 March, KDPW, the Polish 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 CSD Facts

ECSDA Industry Dialogue on CSDR Settlement Discipline

On Thursday 13 February, ECSDA has hosted on Clearstream and Deutsche Börse premises, an industry dialogue focused on the ECSDA CSDR Penalties Framework and on settlement discipline related issues. It was a fruitful discussion, involving participants from other industry associations

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. Updated version 17 April 2020

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