ECSDA views and news

ECSDA views and news

Today, 9 September 2022, ECSDA answers the ESMA Consultation to apply for permission to operate a DLT market infrastructure. Please read the full response.
ECSDA welcomes the ESMA initiative of consulting the relevant stakeholders on the change of the dedicated penalties collection and distribution process for cleared transactions, as currently foreseen under Article 19 of Commission Delegated Regulation (EU) 2018/1229 (CDR). ECSDA is generally
On 19 August, the European Central Securities Depositories Associations (ECSDA) welcomed the Progress Report. In the response to the consultation, we are however highlighting the need to calibrate further the scope of activities contained in the term ‘Investment Institution’. Please
Gathering in Brussels after two years of the pandemic, the 39 members of the European Central Securities Depositories Association (ECSDA) appointed the Association’s Board of Directors. The Board re-elected Mark Gem, as its Chairperson and elected the Executive Committee for
ECSDA welcomes the review of the CSDR. We thank the European Commission for the opportunity to provide our contribution. We look forward to working alongside stakeholders in pursuit of a more competitive and resilient Capital Markets Union! The full document
On 19 May, the ECB announced that SKDD, the Croatian CSD, will migrate to Target 2 Securities in 2023. See the full release.
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
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
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.
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
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
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
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
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
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
On 3 January, the ECB has published the updated SCoRE Corporate Actions Rulebook. The full document can be found here.
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
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
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 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
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