ECSDA views and news

ECSDA views and news

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
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.
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
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
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
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 has launched the Public Consultation on the Settlement Finality Directive (SFD), inviting interested stakeholders to respond by 7 May 2021. Link to the consultation.
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.
On 29 January 2021, ECSDA responded to the European Commission consultation on Alternative Investment Funds Managers Directive (AIFMD) review. Please see the full response.
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
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
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
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
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
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
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
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
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
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
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
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