On March 11, ISDA and 14 other trade associations sent a letter to the European Commission and the European Securities and Markets Authority highlighting the industry’s concern with respect to implementation of the settlement discipline regime under the Central Securities Depositories Regulation (CSDR) and the mandatory buy-in requirements. A key concern for members is that the current legislative timetable requires market participants to proceed with a major implementation exercise without any indication of the scope or timing of the CSDR review process, which is not expected to be finalized sufficiently before the implementation date of the settlement discipline regime in February 2022.
Documents (1) for Joint Trade Associations Letter on the Implementation of the CSDR Settlement Discipline Regime
Latest
The ISDA Notices Hub: One Year On
In times of war, armed forces are often required to mobilize over large distances at short notice. The most dreaded response to the question of how they are to be transported is ‘by LPC’, meaning ‘leather personnel carrier’ – the...
ISDA Response to OSC Call for Feedback
On June 26, ISDA responded to the Ontario Securities Commission’s (OSC) consultation on facilitating access to its regulatory framework and reducing the burden for capital markets participants by publishing a machine-readable dataset of regulatory instruments. ISDA's comments are supportive of...
ISDA Comments on EP's MISP Draft Reports
On July 15, ISDA shared comments with policymakers in the European Union on the European Parliament’s (EP) draft reports by Member of the European Parliament (MEP) Markus Ferber and MEP Eero Heinäluoma on the Market Integration and Supervision Package (MISP)....
Building Markets, Creating Opportunity
Deep and liquid derivatives markets are fundamental to the development of well-functioning financial markets and healthy economies. They support lending, investment and financial stability, creating the certainty needed for economic growth. But strong derivatives markets do not emerge by chance....