Clearstream Banking SA

09/27/2021 | Press release | Distributed by Public on 09/27/2021 09:16

Settlement Discipline Regime (SDR): ESMA proposes to postpone the buy-in regime

Settlement Discipline Regime (SDR): ESMA proposes to postpone the buy-in regime

27.09.2021

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.

ESMA's Letter to EC about SDR