Tag: settlement discipline

The European Commission issues the RTS on Settlement Discipline

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.

RTS annexes

 

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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A very smooth transition to T+2

A very smooth transition to T+2

20 Oct 2014 – On 6 October 2014, 29 European markets* moved from a T+3 to a T+2 settlement cycle, in a “big bang” migration unprecedented in terms of it scale. Thanks to coordinated efforts by market players in all countries, the transition was very smooth and occurred without negative effects on settlement efficiency.

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