Share on LinkedInShare on LinkedIn

ARTICLE · 01 AUGUST 2014

Central Securities Depositories Regulation (CSDR) Update

The Council of the EU announced that it had adopted the CSDR on improving securities settlement and regulating central securities depositories.

United StatesCorporate/Commercial Law

On July 23, the Council of the EU published a press release announcing that it had adopted the CSDR on improving securities settlement and regulating central securities depositories.

The European Commission published a letter on July 23 (dated June 23, 2014) to ESMA setting out a provisional request for technical advice concerning possible delegated acts relating to certain settlement discipline measures and aspects relating to supervisory co-operation under the CSDR.

The letter attaches two formal mandates for technical advice to assist the Commission in preparing delegated acts as required by Articles 7 (penalties for settlement fails) and 14 (supervisory co-operation) of the CSDR.

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.

See more popular content from