Press Release: Payment and securities settlement systems: Commission consults industry on evaluation of Settlement Finality Directive

The European Commission was inviting industry, consumers and other stakeholders to comment on the evaluation report on the Settlement Finality Directive, which identified a number of areas where the Directive could possibly be revised. The Commission was also planning to discuss the report with Member States and the European Central Bank within the framework of the European Securities Committee. On the basis of these consultations, the Commission intended to assess whether or not the Directive required revision. The deadline for submission of comments was 30 June 2006.

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