ISDA: Joint Trade Associations Letter on the Implementation of the CSDR Settlement Discipline Regime
17 March 2021
ISDA and 14 other trade associations sent a letter to the European Commission and the European Securities and Markets Authority highlighting the industry’s concern with respect to implementation of the settlement discipline regime under the Central Securities Depositories Regulation (CSDR) and the mandatory buy-in requirements.
A
key concern for members is that the current legislative timetable
requires market participants to proceed with a major implementation
exercise without any indication of the scope or timing of the CSDR
review process, which is not expected to be finalized sufficiently
before the implementation date of the settlement discipline regime in
February 2022.
Joint Trade Association Letter regarding Implementation of the CSDR Settlement Discipline Regime(pdf)
ISDA
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