ICMA submits feedback for the European Commission’s proposed amendments to CSDR

27 May 2022

The document outlines some considerations for the penalty framework and application from both a secondary and primary market perspective.

ICMA has submitted its formal feedback for the European Commission’s proposed amendments to CSDR. ICMA’s members provide three main recommendations to enhance the effectiveness of the proposed revisions, along with some more technical refinements, such as amending the regulatory text to address the asymmetry in the cash compensation payment. The document also outlines some considerations for the penalty framework and application from both a secondary and primary market perspective.

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