New Settlement Rules Mandate T+2 in Europe
The European Commission has published its proposed regulation for improving the efficiency of central securities depositories (CSDs).
The regulation, which overhauls existing loose structures for post-trade settlement in the European Union, aims to harmonize procedures across the continent, as well as bring time horizons for settlement into line for operational improvements. Other provisions include the separation of primary and ancillary services for CSDs, such as banking services, in order to
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