09/27/2021 | Press release | Distributed by Public on 09/27/2021 09:16
On 23 September, the European Securities and Markets Authority (ESMA) recommended to the European Commission (EC) to implement as planned the settlement fails reporting and the cash penalty framework on 1 February 2022, but to delay the mandatory buy-in regime due to the many concerns of market participants encountering challenges with the buy-in regime.
ESMA would appreciate the EC's feedback by the end of October 2021.