ECSDA views and news
ESMA consults on settlement guidelines
On 20 December, ESMA has published two Consultation Papers dedicated to CSDR (Regulation (EU) 909/2014) Settlement Discipline requirements: on Guidelines on settlement fails reporting, and on Guidelines on standardised procedures and messaging protocols. The consultations are open until 20 February
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CSD Prague is granted CSDR licence
On 20 December, the Central Securities Depository Prague received the licence required by the new European CSD Regulation (CSDR), thus becoming yet another European depository in possession of the pan-European CSD licence. The Central Securities Depository Prague has received the
Read more.Brexit: ESMA ready to recognise UK CSD
European Commission has published today a communication, allowing ESMA to recognise, on the temporary and conditional basis, the UK CSD in case of Brexit no deal. ESMA expressed its support to this decision. In more detail: ECSDA appreciated the publication
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ECB publishes FMI cyber resilience expectations
On 3 december 2018, The ECB published the Cyber Resilience Oversight Expectations (CROE) for Financial Market Infrastructures (FMIs) following the public consultation launched from April to June 2018. The CROE aims at providing FMIs with detailed steps on how to
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ECSDA welcomes ID2S as a new member
ECSDA is pleased to welcome ID2S as a new member having joined the association. On Tuesday 27 November, the ECSDA Extraordinary General Meeting has approved ID2S as a new member. ID2S Chief Executive Officer, Andrea Tranquillini, becomes ECSDA new Board
Read more.ESMA updates the Questions and Answers on CSDR
On 12 November 2018, ESMA has updated his Questions and Answers (Q&As) with regard to the implementation of the Central Securities Depository Regulation (CSDR). The new entries cover the CSD passporting and Settlement Discipline cash penalties. See the complete updated
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Settlement in DKK is now possible on T2S
On 27 October, Danmarks Nationalbank has connected its real-time gross settlement and collateral management system to the ECB T2S platform. The same week-end, VP Securities, the Danish Central Securities Depository and ECSDA member, has facilitated the first settlement in Danish Krone.
Read more.ESMA updates the Questions and Answers on CSDR
On 27 September 2018, ESMA has updated his Q&As regarding the implementation of CSDR. It clarifies practical issues on the implementation of the new CSDR regime, giving more information about settlement discipline, book entry form requirements and organisational requirements.
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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
Read more.More CSDs get authorised under CSDR
Updated 19 September 2018 We are truly happy to see that the list of European Central Securities Depositories Association (ECSDA) members that have been authorised under the new pan-European Union regulation is increasing. The CSDs that have received the authorisation to function under the
Read more.ECSDA response to the EC on the use of digital tools and processes in company law
The recent proposal by the Commission for a Directive regarding the digital tools and processes in company law gives rise to the importance of taking into account the already existing identification for financial institutions. European CSDs call upon policymakers to
Read more.ECSDA consults on the draft Settlement Fail Penalties Framework
9 July 2018 Today, ECSDA makes available the draft version of its future ECSDA Settlement Fail Penalties Framework (the Framework). The document aims at creating a harmonised and coherent set of rules and considerations for creation and operation of
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