ECSDA views and news

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 22 December 2020, 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 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

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

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 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 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

  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

On 11 June, ECSDA responded to the European Commission consultation on the review of the Non-Financial Reporting Directive. Please see the full response

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.