Article summary
The European Commission has adopted a draft Delegated Regulation amending regulatory technical standards (RTS) on settlement discipline to postpone the application of the mandatory buy-in regime laid out in Regulation (EU) 909/2014, the Central Securities Depositories Regulation (EU CSDR). The Delegated Regulation formally suspends the application of the provisions of the buy-in regime for three years from its date of entry into force. It has been adopted in order to allow legislators additional time to determine how best to improve settlement efficiency while avoiding potential duplicative implementation costs for market participants in case extensive changes would be made to the existing buy-in measures. The Delegated Regulation is subject to the non-objection of the European Parliament and of the Council.
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