ECSDA issues the CSD Regulation Settlement Fail Penalties Framework

ECSDA issues the CSD Regulation Settlement Fail Penalties Framework

On 20 November 2019, ECSDA issues the CSDR Settlement Fail Penalties Framework.

The updated version of the document can be found here. It can be used by Central Securities Depositories (CSDs) and their participants as a market practice on how CSDs should develop harmonised settlement fail penalties mechanisms. Although the document is meant to be evolving, along with the evolution of the views of regulators on the matters under their review, it can be used by the CSDs and their participants to start developing IT systems to comply with CSDR Settlement Fail penalties-related requirements. The Framework was signed-off by the ECSDA Board.

2 Replies to “ECSDA issues the CSD Regulation Settlement Fail Penalties Framework”

Leave a Reply

Your email address will not be published.

Protected with IP Blacklist CloudIP Blacklist Cloud