Commission sets up expert group on legal certainty issues in clearing and settlement

01 February 2005

The European Commission’s EU Clearing and Settlement: Legal Certainty Group has held its first meeting in Brussels on 31st January. The Group will analyse issues of legal uncertainty relating to the integration of EU securities clearing and settlement systems, and advise the Commission accordingly.

The integration of European securities clearing and settlement systems requires coordinated action by private and public sector bodies. The group, chaired by the Commission, will address legal issues that have often been cited as barriers to integration. The group will undertake in-depth legal analysis of the issues raised, and propose solutions to such problems of legal uncertainty as have been confirmed by the analysis.

Press release

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