Shearman & Sterling LLP | Financial Regulatory Developments Focus | EU Delegated Regulation on Settlement Discipline Published
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  • EU Delegated Regulation on Settlement Discipline Published
    09/13/2018
    A Commission Delegated Regulation on settlement discipline has been published in the Official Journal of the European Union. The Delegated Regulation sets out Regulatory Technical Standards on settlement discipline as required under the Central Securities Depository Regulation. The RTS cover measures for preventing settlement fails through automated matching, a hold and release mechanism and partial settlement. The RTS also provide measures for monitoring and addressing settlement fails, such as a mechanism for cash penalties and a buy-in process. The RTS will apply directly across the EU from September 14, 2020.

    View the RTS.

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