Central securities depositories (CSDs)

European Commission: Consultation Paper

The European Commission Services launched a consultation on Central Securities Depositories ("CSD") and on the harmonisation of certain aspects of securities settlement in the EU. CSDs are important infrastructures in financial markets which perform crucial services that allow the registration, safekeeping and settlement of securities, in exchange for cash and efficient processing of securities transactions. The purpose of the consultation is to introduce a regulatory CSD framework and enhance transparency in the financial system. The Commission will analyze the responses to the Consultation, due in March 2011 before legislative proposals are announced in mid 2011.

Date

January 13, 2011