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SMSG advises ESMA regarding amendments to the CSDR RTS on Settlement Discipline

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Published on: 15 April 2025

Published by LNB News

LNB News 15/04/2025

Document Information

Issue Date: 15 April 2025

Published Date: 15 April 2025

Jurisdiction(s): Eire and European Union

Article summary

The Securities and Markets Stakeholder Group (SMSG) has issued advice to the European Securities and Markets Authority (ESMA) regarding ESMA’s consultation paper on 'Amendments to the RTS on Settlement Discipline.' The SMSG supports ESMA's initiatives to improve settlement efficiency in EU securities markets, emphasising the role of standardisation and technology in enhancing settlement functionalities and reducing settlement failures. The SMSG also stresses the need for a comprehensive overview of settlement failure rates and their potential impacts on individual investors. It suggests that ESMA and national competent authorities (NCAs) conduct a mapping exercise of current Central Securities Depository (CSD) functionalities.

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