The amendments simplify the cash penalties process by putting CSDs in charge of collection and distribution, including for CCP-cleared transactions.
November 24, 2022The proposal seeks to provide more proportionate and effective rules for CSDs, while also facilitating their ability to offer cross-border services.
March 19, 2022The regime was initially due to come into force from September 2020 before it was deferred to February 2021. The new effective date is 1 February 2022.
September 1, 2020The European Commission asked ESMA to consider a one-year deferral in light of operational pressures on firms and other market developments amid the Covid-19 pandemic.
July 30, 2020