Trade associations push European regulators for clarity on CSDR settlement discipline rules
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.
Tag: European Commission
European Commission launches consultation to review CSDR and buy-in regime
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.
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.
ESMA confirms proposal to further postpone SDR to 2022
The proposal came in response to a request from the European Commission to further postpone the Settlement Discipline Regime.
Settlement Discipline Regime could be delayed to February 2022 in regulatory U-turn
Global Custodian understands advanced discussions are underway among EU regulators to propose a delay, though confirmation of this could still be months away.
European Commission’s AIFMD review could see expanded depository role for custodians
A potential AIFMD passport and UK equivalence could smooth the way for UK custodians to expand their depositary services across the EU market.
Europe’s CMU working group recommends European Commission to review CSDR
Long-awaited report on the Capital Marks Union sets out recommendations for the regulation while also addressing lingering issues in the post-trade industry.
Europe’s CSDs add pressure on European Commission to delay buy-in regime
The association has urged the regulator to take ‘a holistic approach’ to postponing the Settlement Discipline Regime (SDR) by at least a year.
European Commission rejects post-trade industry calls for SRD II delay
The decision from the European Commission means the rules will come into force from 3 September 2020.
European Commission endorses CSDR push-back
The endorsement comes two months after the ESMA stated it would postpone enforcing CSDR's settlement discipline regime following an industry-wide lobby.