The CSD-Regulation will come into force on February 1st , 2022 with the objective to regulate CSDs across Europe consistently. With its Regulatory technical standards on Settlement Discipline, the Regulation provides a set of measures to prevent settlement fail and to improve efficiency on securities settlement.
The settlement discipline requirements affect not only CSDs but also CCPs and trading venues, as well as market participants.
In this section CC&G will provide detailed information on the upcoming changes that will have an impact on the following areas:
- Population of Settlement instructions;
- Collection and Distribution of Cash Penalties;
- Buy-In procedure;
- Partial Settlement.