Europejski Urząd Nadzoru Giełd i Papierów Wartościowych (European Securities and Markets Authority - ESMA), Sprawozdanie końcowe - Regulacyjne Standardy Techniczne (RTS) wynikające z rozporządzenia w sprawie centralnych depozytów papierów wartościowych (CSDR) w zakresie dyscypliny rozrachunku - zawieszenie zakupu

2 June 2022

ESMA70-156-5011

Final Report CSDR RTS on Settlement Discipline – Suspension of buy-in

1 Executive Summary

Reasons for publication

This final report presents a draft regulatory technical standard (‘RTS’) suspending the application of the mandatory buy-in rules provided in Commission Delegated Regulation (EU) 2018/1229 of 25 May 2018 supplementing Regulation (EU) No 909/2014 of the European Parliament and of the Council with regard to regulatory technical standards on settlement discipline (‘RTS on settlement discipline’).

The initial date of entry into force of the RTS on settlement discipline was 13 September 2020. The entry into force of Delegated Regulation (EU) 2018/1229 was deferred until 1 February 2021 according to Delegated Regulation (EU) 2020/1212 and then, according to Delegated Regulation (EU) 2021/70 , to 1 February 2022, when it has started applying.

However, market participants have conveyed their concerns about having serious difficulties to implement the...