Topic
Securities Settlements
78 published works
The Securities Law Blog
SEC Finalizes Rules to Reduce Risks in Clearance and Settlement
The Securities and Exchange Commission today adopted rule changes to shorten the standard settlement cycle for most broker-dealer transactions in securities from two business days after the trade date (T+2)…
Free Writings + Perspectives
SEC Open Meeting—Is T+1 Coming Soon?
By Declan Goulding, Hanson Hairihan
In February 2022, the Securities and Exchange Commission proposed to adopt rules and rule amendments to shorten the standard settlement cycle for securities transactions from two business days from trade…
Global Regulation Tomorrow
Financial Markets: member states agree position to revise EU rules on central securities depositories
On 20 December 2022, EU member states settled their negotiating positions on a proposed update of the central securities depositories regulation (CSDR). The planned review will make EU securities settlement…
Global Regulation Tomorrow
Commission proposes simpler rules to make settlement in EU financial markets safer and more efficient
By Hannah Meakin (UK), Anna Carrier (BE)
On 16 March 2022, the European Commission published a draft Regulation that amends the Central Securities Depositories Regulation (CSDR). In addition, the Commission has published FAQs, an impact assessment and…
Corporate and Securities Law
SEC Proposes to Shorten Settlement Cycle to T+1
Global Regulation Tomorrow
Commission draft report on the CSDR
On 30 June 2021, the European Commission (Commission) published a draft of the report that it is required to produce under Article 75 of the Central Securities Depositories Regulation (CSDR).…
Global Regulation Tomorrow
Targeted consultation on the review of the CSDR
On 8 December 2020, the European Commission issued a consultation on a wide range of specific areas where targeted action may be necessary to ensure the fulfilment of the objectives…
Global Regulation Tomorrow
ESMA updates CSDR Q&As
On 8 July 2020, the European Securities and Markets Authority updated its Q&As on the Regulation on improving securities settlement in the EU and on central securities depositories. Part III…
Global Fintech & Digital Assets Blog
The SEC Greenlights a Blockchain Settlement Service for Public Shares
The US agency has used a no-action letter to enable a sandbox-like approach to blockchain-based trade settlements. By Stephen P. Wink, Cameron R. Kates, Shaun Musuka, and Deric Behar In…
Blockchain Legal Resource
SEC Staff Supports Blockchain Clearance and Settlement Platform
On October 28, 2019, staff in the SEC’s Division of Trading and Markets provided a no-action letter to Paxos Trust Company, LLC permitting it to pilot a blockchain-based clearance and…