The European Commission issues the RTS on Settlement Discipline
The European Commission has just issued the Standards (RTS) on Settlement Discipline.
The Legislators (Council and Parliament) have one to three months of a (non-) objection period, i.e. to express their objection to the draft. The period can be extended for the maximum of here additional months, if the changes in comparison with the ESMA draft RTS have been sufficiently substantial for that.