EC Publishes its Proposal for the Review of CSDR

The European Commission (EC) has today published its proposal for the review of the Central Securities Depositories Regulation (CSDR).

As part of the 2020 CMU Action Plan, this review aims at making securities settlement in the EU safer and more efficient. It also aims at facilitating CSDs’ ability to offer cross-border services and improving their cross-border supervision.

To accompany the package, the EC has also issued a chapeau communication and Q&As, as well as an impact assessment and a summary of the impact assessment.

To view the EC’s proposal, click here.

ISLA will be reviewing the proposal within the Market Practice Steering Group and Regulatory Steering Group as appropriate. If you would like to discuss any aspects of the above and are part of an ISLA member firm, please contact

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