Press Release: Securities trading: Commission evaluation of Settlement Finality Directive

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Series Details IP/05/1613 (15.12.05)
Publication Date 15/12/2005
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The European Commission on 15 December 2005 published an evaluation report on the Settlement Finality Directive (1998/26/EC), which aims to reduce the risks of participation in payment and securities settlement systems, especially when a participant in such a system becomes insolvent. The report was based on Member States' replies to a comprehensive questionnaire and was to be presented to the Council and European Parliament.

Source Link http://europa.eu/rapid/pressReleasesAction.do?reference=IP/05/1613&format=HTML&aged=0&language=EN&guiLanguage=en
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