EU Settlement Discipline Standards published

EU Settlement Discipline Standards published

On 13 September 2019, the Final Regulatory Technical Standards (RTS) on Settlement Discipline have been published in the Official Journal of the European Union. The standards are mandated by the CSD Regulation and constitute part of a binding package providing the regulatory framework for all Central Securities Depositories of the European Economic Area.

The standards have been released by the European Commission on May 25 and published following the absence of any objection from the Council and the Parliament.

The date of publication in the Official Journal is particularly important for the calculation of the date of applicability of the standards. They will enter in force on 14 September 2020, after a phase-in period of 24 months.

Please see the link to the full Regulatory Technical Standards as published in the Journal.

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