Author: ECSDA

The registration of securities holders

The registration of securities holders

19 Jul 2016 – The registration of securities holders refers to the process of recording ownership or legal holding in securities in an official list called the register. This list facilitates the identification of securities holders by issuers and regulators. A new report by ECSDA looks at existing legal requirements in 38 European markets, highlighting the current lack of harmonisation in the legal and practical approaches to securities holders registration.

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Guidelines on CSD participant defaults

Guidelines on CSD participant defaults

30 Jun 2016 – CSDs must have effective and transparent rules in place to manage a participant’s default. To ensure that this is the case, the EU Regulation on CSDs (CSDR) foresees the adoption by ESMA of supervisory guidelines on CSD participant default rules and procedures. Draft guidelines were issued by ESMA on 31 May.

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CSDs and securities financing

CSDs and securities financing

22 Apr 2016 – Future reporting requirements for securities financing transactions (SFTs) may involve the provision of information on CSDs as “places of settlement”. Commenting on the ESMA Discussion Paper issued on 11 March 2016, ECSDA outlines a couple of important considerations for ensuring that transaction reports are meaningful and consistent across SFT counterparties.

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