The documents focus on how CSDR’s incoming mandatory buy-ins and cash penalty rules apply to securities lending transactions entered into under a GMSLA
The UK’s exclusion of CSDR's settlement discipline regime as part of its adoption of EU regulations post Brexit, will “undoubtedly create new challenges for firms in the UK”
The Presidency of the Council and the European Parliament have reached a deal on a common set of rules for CCPs and their authorities to prepare for and deal with financial difficulties
The UK will not include the CSDR settlement discipline regime as part of its adoption of EU regulations post Brexit as it falls outside the transition period
The chancellor of the exchequer has today confirmed that phase four of SFTR, which brings reporting rules for NFCs, will not be onshored in the UK after Brexit
“Despite having an additional three-month window to prepare, we have found that many firms need extra help to get them across the finish line," says Linda Coffman, executive vice president of SmartStream RDU