ESMA proposes amendment to simplify cash penalties process for cleared transactions under CSDR

ESMA Guidelines and Recommendations

Date: 24 November 2022
On 21 November 2022, the European Securities and Markets Authority (ESMA) published a Final Report on amending the regulatory technical standards (RTS) on the Settlement discipline, to simplify the cash penalties process by putting the CSDs in charge of collection and distribution, including for CCP-cleared transactions.