The Central Securities Depositories Regulation (CSDR) The third phase of the CSDR, the Settlement Discipline Regime (SDR) has been delayed to February 2022.

Is CSDR delayed?

As the final EC legislative proposal for the review of CSDR, possibly including changes to the buy-in regime, is not expected before the end of this year, ESMA is in favour of delaying the entry into force of the buy-in requirements – scheduled on 1 February 2022 – while applying the other settlement discipline ...

When was CSDR implemented?

Coming into force on September 17, 2014, CSDR looks to establish an EU-wide harmonised regulatory framework for financial market infrastructures, covering a wide range of requirements in its phased implementation timeline.