Share on LinkedInShare on LinkedIn

ARTICLE · 28 JUNE 2022

ESMA Report On CSDR Settlement Discipline

Most of the Central Securities Depositary Regulation (CSDR) settlement discipline regime has applied from 1 February 2022. We wrote in November last year about delay in the application...

IrelandCorporate/Commercial Law

Most of the Central Securities Depositary Regulation (CSDR) settlement discipline regime has applied from 1 February 2022. We wrote in November last year about delay in the application of the CSDR mandatory buy-in regime in particular.

In December, ESMA published a statement to clarify that while the application and supervision of most CSDR settlement discipline requirements, in particular the settlement fails reporting and the cash penalties regimes, would go ahead as planned, ESMA expects authorities not to prioritise supervisory actions in relation to the application of the buy-in regime.

ESMA has now published a Final Report on amending the regulatory technical standards (RTS) on settlement discipline to effect postponement of the buy-in regime for three years.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

See more popular content from