The European Association of CCP Clearing Houses (EACH) is happy to announce the publication of an updated version of our Framework on CSDR Settlement Discipline Regime (SDR). This version contains updates based on feedback received industry participants and the authorities.
A number of changes have been made to the framework, which include the following:
- An updated EACH position on Article 19 SDR: CCPs are planning to go ahead with the implementation of Article 19, unless another solution present itself prior to the implementation date.
- The section on Reporting includes updated positions on penalties Daily Reporting and Monthly reporting.
- The updated section on Penalties includes EACH members alignment with CSDs on Penalty Calendars, as well as new positions on penalties mismatch scenarios.
For more information, please find attached the corresponding document or visit our website www.eachccp.eu
