ECSDA views and news

ECSDA views and news

2016 Annual Report now available
20 Feb 2017 – The 2016 annual report of the association is available exclusively online and describes the key events that have marked the life of ECSDA in 2016. You can also obtain an overview of ECSDA members and governing
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Continued access to CSDs for firms in resolution
17 Feb 2017 – When a CSD participant enters into resolution, the challenge for the CSD and for financial regulators is to strike the right balance between, on the one hand, the need to preserve the safety and soundness of
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CSDs and securities financing
30 Nov 2016 – On 30 September, the European Securities Markets Authority (ESMA) issued draft technical standards under EU Regulation 2015/2365 on the securities financing transactions (SFTR) for public consultation. Commenting on the standards, ECSDA made two recommendations from a CSD
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CSDs, custody and asset segregation
30 Sept 2016 – Since late 2015, there has been some uncertainty as regards the treatment of CSDs under asset management legislation (AIFMD and UCITS) due to guidance issued by ESMA alluding to “custody” services of CSDs. The call for
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Distributed ledgers and securities markets
2 Sept 2016 – In its response to the ESMA Discussion Paper on distributed ledger technology (DLT) in securities markets, ECSDA stresses the importance of sound governance and oversight.
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2015 CSD Factbook now available
29 Aug 2016 – This year’s edition of the Factbook offers an up-to-date overview of the CSD landscape in Europe.
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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.
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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
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