European Commission extends temporary equivalence for Euroclear UK & Ireland
The move will allow Euroclear UK and Ireland (EUI) to continue to settle Irish-domiciled funds and securities once the Brexit transition period ends on 31 December.
The move will allow Euroclear UK and Ireland (EUI) to continue to settle Irish-domiciled funds and securities once the Brexit transition period ends on 31 December.
Euroclear's CREST system has suffered two outages, causing intermittent delays to settlement and impacting the Bank of England's gilt buy-back operation.
TEB Securities Services will have the right to operate the omnibus account that Euroclear opened under its newly-structured membership at Turkey’s local CSD.
Global Custodian understands advanced discussions are underway among EU regulators to propose a delay, though confirmation of this could still be months away.
CSDs in France, Belgium and Netherlands to use inter-company workflow solution.
Euroclear had put on a hold a decision that would allow small shareholders to sell their stakes in the company in April.
New lead for Euroclear UK & Ireland business as interim chief steps aside for long-term chief.
Deal with the international central securities depository will open up the Turkish government bond market to international investors.
The service coincides with a new Swedish law allowing listed companies to hold General Meetings and for shareholders to cast their vote without having to be physically present.
EUI had planned to increase its asset maintenance charge in April this year, after initial discussions with its key users in November on its pricing structures.