Tag: CSDR

ECSDA responds to ESMA on settlement discipline

ECSDA responds to ESMA on settlement discipline

19 Feb 2015 – What will be the market impact of the CSDR rules on settlement discipline? The draft measures issued by ESMA for consultation in December 2014 in the context of the CSD Regulation (CSDR) would create a settlement discipline framework which has the potential to substantially affect the way securities transactions are cleared and settled today.

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CSDR enters into force on 17 September

CSDR enters into force on 17 September

28 Aug 2014 – Following its publication in the Official Journal on Thursday 28 August 2014, the CSD Regulation (“CSDR”) will officially enter into force on 17 September 2014.

Many provisions, however, still require the adoption of implementing and delegated acts, most of which are currently under preparation by the European Securities Market Authority.

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