European Council and Parliament reach an agreement on the Central Security Depository Regulation REFIT Procedure! This concludes a long process that aims to reduce compliance costs and regulatory burdens for CSDs, simplifying the passport regime and also enhancing cooperation among
The European Central Securities Depositories Association (ECSDA) welcomes the European Commission Proposal for a new EU system for the avoidance of double taxation and prevention of tax abuse in the field of withholding tax. The proposal aims to simplify procedures
Today, 26 May 2023, ECSDA publishes its considerations on ISO messages for financial transactions and recommendations on their use. The basis for CSD engagement with local communities and relevant stakeholders and further preparations. The messages for General meetings should be
Today, 28 April 2023 ECSDA issued the update of the ECSDA CSDR Settlement fails Penalties Framework. The change takes into account the postponement of the collection of payment by CSD participants giving them an additional day to collect the payment
On 10 January, the European Central Securities Depository Association (ECSDA) and International Securities Services Association (ISSA) launched a joint survey on ISO 20022. The two Associations ask to respond to a short survey on the present and future adoption of
Congratulations to Grupa KDPW, the CSD group of Poland, and the National Depository of Ukraine, for establishing a direct link! The link will allow Ukrainian municipal bonds issued by the regional governments to be available to foreign investors through KDPW.
The European Central Securities Depositories Association (ECSDA) issues the 2023 calendar, which can be found below. In the calendar, you will find highlighted the key dates of the penalties life cycle as follows: End of appeal period – 10th PBD
From 24 to 26 May 2023, the World Forum of Central Securities Depositories (WFC), currently led by the European Central Securities Depositories Association (ECSDA), will meet in Prague on the invitation of CSD Prague. The WFC gathers five regional associations
At its last meeting, European Central Securities Depositories Association (ECSDA) Board drew lessons from the experience of the Ukrainian CSD (National Depository of Ukraine) about their operation during the war. Oleksii Yudin, Chairman of the NDU Management Board, shared their
On 29 November, the ECSDA Board meeting remotely elected the Chair of the Policy and the Settlement Working Groups. The Policy WG will now be chaired by Chiara Rossetti, Senior Manager, Regulation for Euronext Securities Milan. As a member of
Today, 9 September 2022, ECSDA answers the ESMA Consultation to apply for permission to operate a DLT market infrastructure. Please read the full response.
ECSDA welcomes the ESMA initiative of consulting the relevant stakeholders on the change of the dedicated penalties collection and distribution process for cleared transactions, as currently foreseen under Article 19 of Commission Delegated Regulation (EU) 2018/1229 (CDR). ECSDA is generally
On 19 August, the European Central Securities Depositories Associations (ECSDA) welcomed the Progress Report. In the response to the consultation, we are however highlighting the need to calibrate further the scope of activities contained in the term ‘Investment Institution’. Please
Gathering in Brussels after two years of the pandemic, the 39 members of the European Central Securities Depositories Association (ECSDA) appointed the Association’s Board of Directors. The Board re-elected Mark Gem, as its Chairperson and elected the Executive Committee for
ECSDA welcomes the review of the CSDR. We thank the European Commission for the opportunity to provide our contribution. We look forward to working alongside stakeholders in pursuit of a more competitive and resilient Capital Markets Union! The full document
After extensive evaluation and considering wide-ranging discussions of recent days, the CSDs have agreed in principle on a process for February penalties. Below we outline the timeline for the February penalties process and some of the elements that CSDs took
The European Commission has published the proposal for the review of the Central Securities Depositories Regulation – a key action in the 2020 CMU Action Plan. We look forward to responding to the call for feedback by delving into the
Today, on 9 March 2022, the ECSDA General Meeting has resolved to terminate the Associate Membership of its Russian Member, National Settlement Depository. The decision is effective immediately.
The European Central Securities Depository Association (ECSDA) has closely monitored the situation in Ukraine and the global response to it. The Association acknowledges the strong measures that are taken by the European Union and its allies following the invasion of
Message on behalf of the Ukrainian CSD National Depository of Ukraine announces the severance of correspondent relations with the Central Depository of the Republic of Belarus on February 28, 2022. The complicity of Belarus in the military invasion of the
