ECSDA views and news

ECSDA views and news

CSDs activate their settlement penalties mechanisms
1 February 2022 is the day of the entry into force of the Central Securities Depositories (CSD) Regulation (Regulation (EU) 909/2014) settlement penalties requirements. The requirements can be found on the website of the European Securities and Markets Authority. Most
Euronext Securities Oslo implements CSDR in Norway
On 28 January 2022, Euronext Securities Oslo (ES-OSL) obtained approval from the Norwegian FSA (NFSA) to operate as a Central Securities Depository in accordance with EUs Central Securities Depositories Regulation, (CSDR). CSDR settlement discipline will then be introduced from 1
ECB publishes the SCoRe CA Rulebook
On 3 January, the ECB has published the updated SCoRE Corporate Actions Rulebook. The full document can be found here.
ECSDA responded to the CPMI-IOSCO Consultative report on the Application of the PFMIs to Stablecoin Arrangements
On 1 December, ECSDA has responded to the CPMI-IOSCO Consultative report on the Application of the PFMIs to Stablecoin Arrangements ECSDA’s response conveys these key messages to stakeholders: Clarifying the liability regime and the rights associated with settlement assets is
ECSDA issues its updated CSDR Penalties Framework
On 5 October 2021, the European Central Securities Depositories Association (ECSDA) publishes the updated version of the ECSDA CSDR Settlement Fails Penalties Framework. The Framework is the effort of compliance with the Regulation and harmonisation of settlement penalties mechanisms across
SIX Digital Exchange obtained licenses to operate a CSD and stock Exchange for digital assets
ECSDA congratulates SIX Digital Exchange having obtained two licenses to operate a CSD as well as a stock exchange for digital assets. The authorisation was granted by the Swiss Financial Market Supervisory Authority – FINMA. These licenses will enable a
ECSDA welcomes DCU from Moldova as new Member
ECSDA welcomes the Single Central Depository of Securities from Moldova as its new Member. It is honoured to support the integration of the financial infrastructure of Moldova into the international capital markets ecosystem by sharing the best practices and standards
Report on CSDR Review consultation
On 1 July 2021, the European Commission issued its Report on the outcome of the consultation on the CSDR Review. This Report summarises the main areas to be made subject to the future EC proposal and speaks about the areas
ECSDA updates the CSD links matrix
Today, 30/06/2021, ECSDA updates its CSD links matrix. Here are the main numbers:  ECSDA Members have between each other a total of 265 links. ECSDA Members have links with other CSDs globally for a total of 105. In total, all
European CSD Association elects new Chair and Executive Committee Members
Today, 19 May 2021, at the General Meeting of the European Association of Central Securities Depositories (ECSDA), Mathias Papenfuß stepped down from his position as Chairman of the Association’s Board. At the same meeting Brigitte Daurelle resigned from her position
ECSDA responded to the SFD consultation
Today, 7 May 2021, ECSDA responded to the European Commission consultation on the review of the Settlement Finality Directive. The full document can be found here.
Euronext completed the acquisition of the Borsa Italiana Group
Today, 29 April 2021, Euronext announces that it completed the acquisition of the Borsa Italiana Group. This acquisition is transformational for Euronext and Borsa Italiana, making the combined group the leading pan-European market infrastructure. Euronext is becoming a leader in
Clearstream receives CSDR licence for its ICSD
Today 12 April 2021, Clearstream has obtained the CSDR licence for Clearstream Banking S.A., its international central securities depository (ICSD). The authorisation is effective as of 12 April 2021. Please see the full release. The list of CSDs authorised under
ATHEXCSD operates under CSDR Licence
From today, 12/04/2021, ATHEXCSD will be providing the CSD services as stipulated in the ATHEXCSD Rulebook and the implementing Resolutions of the ATHEXCSD's Board of Directors. Please see the announcement and the full release. The list of CSDs authorised under
ECSDA Updates its By-laws
The meeting of the ECSDA Board of Directors that took place on 19 March 2020 approved the below amendments in the ECSDA By-laws: - The reference to the Belgian Company Code in the Introduction - Article 7: Procedure for the
The European Commission issues the consultation on the SFD review
The European Commission has launched the Public Consultation on the Settlement Finality Directive (SFD), inviting interested stakeholders to respond by 7 May 2021. Link to the consultation.
ECSDA response to the EC consultation on the CSDR Review
On 2 February 2021, ECSDA responded to the European consultation on the regulation on improving securities settlement in the European Union and on Central Securities Depositories (CSDR). See the full response.
ECSDA response to the EC consultation on AIFMD review
On 29 January 2021, ECSDA responded to the European Commission consultation on Alternative Investment Funds Managers Directive (AIFMD) review. Please see the full response.
Keler is granted the CSDR licence
On 16 December 2020, KELER, the central depository of Hungary, was granted an authorisation under the Central Securities Depositories Regulation (CSDR) and can now offer its clients its services supporting an efficient and secure securities market as a central securities
EC issues consultation on CSDR review and Settlement Discipline
On Tuesday 8 December, the European Commission issued the public consultation on the CSDR review and Settlement Discipline Regulation. The consultation covers the following topics: CSDs authorisation & review and evaluation process (Art. 16 & 54 CSDR) – Including Question
CSDs stand ready to contribute to the new Capital Markets Union action plan
ECSDA welcomes the publication of the New Capital Markets Union Action plan. CSDs stand ready to contribute to the CMU discussions in the areas related to CSDs. We believe that the CMU should have a positive impact on future and existing

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