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ESMA consults on cash penalty process for cleared transactions

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ESMA consults on cash penalty process for cleared transactions

Monday 11 July 2022 14:19

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, today launched a consultation  on a possible amendment to the Central Securities Depositories Regulation (CSDR) cash penalty process for cleared transactions.

The consultation paper seeks stakeholder views on simplifying the process of collection and distribution of cash penalties for settlement fails relating to cleared transactions.

ESMA’s proposals would change the existing practice by allowing the central securities depositories (CSD) to…

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