Memo: Regulation on securities settlement and on Central Securities Depositories in the EU (‘CSD Regulation’) – Frequently Asked Questions

On 16 April 2014, the European Commission published a memo on securities settlement and on Central Securities Depositories in the EU (‘CSD Regulation’).

The CSD Regulation aimed to harmonise both the timing and conduct of securities settlement in Europe and the rules governing Central Securities Depositories (CSDs) which operate the infrastructures enabling settlement. With regard to settlement, the CSD Regulation harmonised timing and discipline of securities settlement in the EU. It also created, for the first time at European level, a common authorisation, supervision and regulatory framework for CSDs.

• Primary Source

ESO: Background information: Safer and more efficient securities settlement: Commission welcomes European Parliament vote http://www.europeansources.info/record/statement-safer-and-more-efficient-securities-settlement-commission-welcomes-european-parliament-vote/

ESO: Background information: More transparent and safer financial markets: European Commission welcomes European Parliament vote on updated rules for Markets in Financial Instruments (MiFID II) http://www.europeansources.info/record/statement-more-transparent-and-safer-financial-markets-european-commission-welcomes-european-parliament-vote-on-updated-rules-for-markets-in-financial-instruments-mifid-ii/

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