ECSDA views and news

New Timeline for February Penalties process

After extensive evaluation and considering wide-ranging discussions of recent days, the CSDs have agreed in principle on a process for February penalties. Below we outline the timeline for the February penalties process and some of the elements that CSDs took

EU Commission Publishes Proposal to Review the CSDR

The European Commission has published the proposal for the review of the Central Securities Depositories Regulation – a key action in the 2020 CMU Action Plan. We look forward to responding to the call for feedback by delving into the

Termination of Russian CSD Membership

Today, on 9 March 2022, the ECSDA General Meeting has resolved to terminate the Associate Membership of its Russian Member, National Settlement Depository. The decision is effective immediately.

ECSDA Board agrees to proceed with the termination of membership of its Russian Member

The European Central Securities Depository Association (ECSDA) has closely monitored the situation in Ukraine and the global response to it. The Association acknowledges the strong measures that are taken by the European Union and its allies following the invasion of

Severance of correspondent relations between NDU and the CSD of the Republic of Belarus

Message on behalf of the Ukrainian CSD National Depository of Ukraine announces the severance of correspondent relations with the Central Depository of the Republic of Belarus on February 28, 2022. The complicity of Belarus in the military invasion of the

Important communication from NDU

On 24 February 2022, the National Depository of Ukraine informed ECSDA that « due to the acts of military aggression by the Russian Federation against Ukraine », the application of the martial law in Ukraine from 24.02.2022 and the relevant

SKDD receives the CSDR licence

Today, 10 February, The Central Depository and Clearing Company, Inc. (SKDD) informs capital market participants and the interested public that on 10 February 2022, the Croatian Financial Services Supervisory Agency (HANFA) announced on its website that HANFA had issued a

CSDs activate their settlement penalties mechanisms

1 February 2022 is the day of the entry into force of the Central Securities Depositories (CSD) Regulation (Regulation (EU) 909/2014) settlement penalties requirements. The requirements can be found on the website of the European Securities and Markets Authority. Most

Euronext Securities Oslo implements CSDR in Norway

On 28 January 2022, Euronext Securities Oslo (ES-OSL) obtained approval from the Norwegian FSA (NFSA) to operate as a Central Securities Depository in accordance with EUs Central Securities Depositories Regulation, (CSDR). CSDR settlement discipline will then be introduced from 1

ECB publishes the SCoRe CA Rulebook

On 3 January, the ECB has published the updated SCoRE Corporate Actions Rulebook. The full document can be found here.

ECSDA responded to the CPMI-IOSCO Consultative report on the Application of the PFMIs to Stablecoin Arrangements

On 1 December, ECSDA has responded to the CPMI-IOSCO Consultative report on the Application of the PFMIs to Stablecoin Arrangements ECSDA’s response conveys these key messages to stakeholders: Clarifying the liability regime and the rights associated with settlement assets is

ECSDA issues its updated CSDR Penalties Framework

On 5 October 2021, the European Central Securities Depositories Association (ECSDA) publishes the updated version of the ECSDA CSDR Settlement Fails Penalties Framework. The Framework is the effort of compliance with the Regulation and harmonisation of settlement penalties mechanisms across

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, 30/06/2021, ECSDA updates its CSD links matrix. Here are the main numbers: ECSDA Members have between each other a total of 265 links. ECSDA Members have links with other CSDs globally for a total of 105. In total, all

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

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