CSDR : ECSDA requests further postponement of settlement discipline regime

CSDR : ECSDA requests further postponement of settlement discipline regime

09:22 19 juin in Non classifié(e)
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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.

They acknowledge that the European Commission recently adopted a decision to amend the date of entry into force of the Central Securities Depositories Delegated Regulation on Settlement Discipline (Regulation 2018/1229). In this letter, they aim to alert about a set of new elements which affect the SDR timeline and might not yet have been considered by the Commission. They hope these elements will be taken into account during the scrutiny period of the amendment.

The letter calls for a holistic approach on the implementation timeline of the regulatory and mandatory projects. The approach may lead to the postponement of the mentioned projects by one year.

Full letter.