European Parliament Adopts CSD Reg
Designed to further strengthen the position of CSDs in the market, given their systemically important roles, CSD Reg covers areas such as prudential and business conduct rules, mechanisms for addressing settlement discipline, access rights to CSD services, and supervisory requirements for CSDs providing so-called "ancillary services". As part of the rules package, Parliament also re-affirmed European moves towards T+2 settlement, or two days after trade date.
"T+2 has progressed through a
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