ECSDA views and news

ECSDA views and news

ESMA suggests to postpone Settlement Discipline Standards until 1 February 2022
On 26 August 2020, ESMA released its Final Report CSDR RTS on Settlement Discipline that provides explanations for the proposal to postpone the entry into force of the RTS on settlement discipline until 1 February 2022. It is sent to
Nasdaq CSD finalises migration of securities settlement platform to Icelandic securities market
On 24 August 2020, Nasdaq announced that the final step in the merger of Nasdaq CSD Iceland with Nasdaq CSD SE (Nasdaq CSD) took place with the successful technical migration of the Icelandic securities market to the Nasdaq CSD SE
ESMA is preparing a new RTS to further postpone CSDR Settlement Discipline
On 28 July, ESMA announced that it is preparing the new RTS to delay the entry into force of CSDR Settlement Discipline until 1 February 2022. The delay is due to the impact of the COVID-19 pandemic on the implementation
ECSDA answer to the FSB consultation on stablecoins
On 15 July, ECSDA responds to the Financial Stability Board consultation: Addressing the regulatory, surpervisory and oversight challenges raised by "global stabelcoin" arrangements Introductory remarks ECSDA welcomes FSB´s on-going efforts to further enhance market stability and market integrity by, among
ECSDA participated in a webinar on SRDII
On 6 July 2020 ECSDA participated in a webinar on SRDII jointly organised with other members of the SRD II Industry Steering Group. Slides of the webinar Link to the video
ECSDA welcomes HLF report on CMU
  Today, on 30 June 2020, ECSDA submitted its feedback to the High-Level Forum on Capital Markets Union. It welcomes the reports, and particularly appreciates the recommendations on the CSD Regulation. Full text
ECSDA responds to the EC consultation on digital finance
On 26 June, ECSDA submitted its views to the European Commission consultation on Digital Finance. Full text of the ECSDA response
ECSDA response to the NFRD consultation
On 11 June, ECSDA responded to the European Commission consultation on the review of the Non-Financial Reporting Directive. Please see the full response
CMU HLF published its final report
On 10 June, the High-Level Forum on the Capital Markets Union organised under the hospices of the European Commission published its final report. The report consists in 17 recommendations put forward with the intent of addressing relevant issues related to
ECSDA requests postponement of Settlement Discipline
On 8 June 2020, the European Central Securities Depositories Association (ECSDA) writes to request a postponement in the implementation of Settlement Discipline Regime (SDR), and Settlement penalties in particular, possibly by one year beyond the date of 1 February 2021.
Nasdaq CSD Iceland merges with Nasdaq CSD SE
On 25 May 2020, Nasdaq announced the merger of Nasdaq CSD Iceland with Nasdaq CSD SE (Nasdaq CSD). The combined company, Nasdaq CSD SE, will operate in Latvia, Estonia, Lithuania and Iceland, supervised by Baltic and Icelandic regulatory institutions cooperating
Euronext purchases majority stake in VP Securities
On 23 April 2020, Euronext N.V. announced that they have entered an agreement to acquire 70% of the share capital in VP Securities. As a result of this transaction, VP will become a part of a leading, pan-European market infrastructure
LuxCSD receives the CSDR licence
On 15 April, LuxCSD, the Luxembourg central securities depository (CSD) member of ECSDA obtained a licence to operate under the Central Securities Depositories Regulation (CSDR). Please see the release. The list of CSDs authorised under the CSDR is provided on the
ECSDA welcomes KACD as associate member
ECSDA (European Central Securities Depositories Association) is pleased to welcome KACD (Central Securities Depository Joint-stock Company) based in Almaty, Kazakhstan, as its new associate member. On that occasion, Anna Kulik, Secretary-General of ECSDA stated: “ECSDA is a major harmonisation force
Joint trade association letter on the impact of Covid-19 on the implementation of the SRD II
Thursday 14 April 2020 – The European Banking Federation (EBF), the Association for Financial Markets in Europe (AFME), the International Securities Lending Association (ISLA), the Association of Global Custodians (AGC), the European Central Securities Depositories Association (ECSDA), the Securities Market
ECSDA response to the EU Consultation on Crypto-Assets 
Today, 19 March 2020, the European Central Securities Depositories Association (ECSDA) welcomes the initiative of the European Commission (EC) and wishes to share the views of Central Securities Depositories (CSDs) on this consultation. CSDs share many of the views of
ECSDA Response to the EU Consultation on Digital Operational Resilience
On Monday, 16 March 2020, ECSDA responded to the European Commission on Digital Operational Resilience. ECSDA strongly supports the European Commission (EC) in pursuing the work on operational resilience and extending the resilience expectations to all relevant financial market stakeholders.
KDPW receives the licence under CSDR
On 3 March, KDPW, the Polish CSD member of ECSDA obtained a licence to operate under the Central Securities Depositories Regulation (CSDR). Please see the release. The list of CSDs authorised under the CSDR is provided on the CSD Facts
ECSDA Industry Dialogue on CSDR Settlement Discipline
On Thursday 13 February, ECSDA has hosted on Clearstream and Deutsche Börse premises, an industry dialogue focused on the ECSDA CSDR Penalties Framework and on settlement discipline related issues. It was a fruitful discussion, involving participants from other industry associations
ESMA requests the Commission to postpone Settlement Discipline to 1 Feb.2021
On 4 February, the European Securities Market Authority, ESMA, has published the Final Report “CSDR RTS on Settlement Discipline – postponed entry into force”. The report provides explanations for the proposal of delay of the implementation of the RTS on
Clearstream Banking AG (Germany) receives the licence under CSDR
On 21 January 2020, BaFin granted Clearstream Banking AG, as German Central Securities Depository, the licence according to Article 16 Central Securities Depository Regulation (Regulation (EU) No 909/2014) - CSDR. The licence authorises the company to provide core services and

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