CSDR strengthens the infrastructure for securities settlement in the EU to ensure market stability.

• Settlement Discipline: Implements measures to prevent settlement failures.
• Transparency: Enhances reporting requirements for securities transactions.
• Risk Management: Requires central securities depositories to meet resilience standards.

Enacted in 2014, with phased implementation of key provisions.

• Financial Penalties: Institutions may face significant fines.
• Operational Risks: Breaches may disrupt settlement processes.
• Reputational Harm: Non-compliance can affect market confidence.

• Enhanced Stability: Ensures secure and reliable securities settlements.
• Regulatory Confidence: Builds trust through adherence to EU standards.
• Market Access: Facilitates operations within the European Union.