EC endorse CSDR delay
On 23 October, the European Commission approved ESMA’s amended RTS, delaying the CSDR’s controversial settlement discipline regime until 1 February 2022. The amended RTS can be found here.
Having been rubber-stamped by the Commission the RTS now enter the mandated three month period, pending non-objection by the Parliament and the Council. Despite adding to an already-packed end’ 2021 Regulatory to-do list, final ratification of the delay will be broadly welcomed by market participants.Contact Us