On April 9, ISDA published technical comments on the European Commission’s (EC) proposed Settlement Finality Regulation (SFR) as it applies to designated EU systems and registered third-country systems. One significant concern is that the scope of insolvency protections provided to registered third-country systems by the new framework is unduly restricted. The technical comments also cover proposed changes to the Financial Collateral Directive to facilitate the implementation of distributed ledger technology.
Documents (1) for ISDA Response to EC’s Settlement Finality Regulation Proposal
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