Tag: buy-in

The trade bodies said many firms will be unable to make the necessary changes to their operations to meet the rules under the current timeline.  

For asset managers that seek to use a third-party vendor to manage their CSDR compliance, time is running out to finalise those relationships.

The majority of industry bodies and market participants will most likely focus their feedback on the settlement penalties and the buy-in components of CSDR.

Panellists at the Network Forum Autumn Meeting echoed fears that plans comply with the rules have been put on hold since the announcement of its delay. 

CSDs in France, Belgium and Netherlands to use inter-company workflow solution.

Lobbyists likely to use UK decision to not implement the settlement discipline regime as further leverage in calls for a delay. 

The Treasury said it will not implement the SDR from February 2021, but will consider the future approach of the rules to the UK’s own post-trade framework.  

 The association has urged the regulator to take ‘a holistic approach’ to postponing the Settlement Discipline Regime (SDR) by at least a year.

Custodians are still waiting for vital information to work out exactly how the penalties are calculated under CSDR.

The spike in settlement fails during this period could further encourage the industry to increase calls for regulators to reconsider a delay to the CSDR buy-in regime