23 December 2021 | News | Settlement discipline: supervisory approach on the implementation of the CSDR provisions As of 1st February 2022, central securities depositories (CSDs) and their participants shall comply with settlement discipline measures with a particular supervisory approach regarding the mandatory buy-in regime. … supervisory approach on the implementation of the CSDR provisions … To improve securities settlement in the … Union, the regulation on central securities depositories (CSDR) establishes three mechanisms aimed at reducing … have led the co-legislators to agree on an amendment to CSDR that will allow the postponement of the application date … |
14 October 2021 | Public statements | Speech by Robert Ophèle, AMF Chairman – OMFIF Conference (Official Monetary and Financial Institutions Forum) - “Economic position of Europe, integration, and reforms” – 14 October 2021 … the MIFIR/MIFID review, the AIFMD and ELTIF review, the CSDR review and even the ESAP project; we have those … |
21 December 2020 | News | Brexit: how will it impact market activities? To accompany the players of the Paris financial marketplace, the Autorité des Marchés Financiers is providing market participants with relevant information published by the European Commission and ESMA in recent months that will help them to pursue their activities after the end of the Transition Period (as of 1st January 2021). … with the Central Securities Depositories Regulation (CSDR). This decision, granted for a six-month period as of … |
07 April 2020 | News | Crypto-asset markets: the AMF responds to the European Commission consultation Two years after the publication of its Fintech Action Plan, the European Commission is working on a new strategy to promote digital finance in the EU, while addressing the new risks it raises. It has launched a public consultation, open from 19 December 2019 to 19 March 2020, on the development of a European framework for crypto-assets markets… … studied is very broad: MiFID, Prospectus Regulation, CSDR, Finality Directive, Collateral Directive, Short-selling … |
11 March 2020 | AMF news release | The AMF publishes an in-depth legal analysis of the application of financial regulations to security tokens Given the growing interest in the issuance of financial instruments on a blockchain, the Autorité des Marchés Financiers has examined the legal obstacles to the development of security tokens. The possible solutions that it has put forward include a European "digital lab" that would enable national authorities to waive certain regulatory… … (European Regulation on Central Securities Depositories (CSDR), Settlement Finality Directive, account-keeping and … depository. It therefore seems necessary to adapt the CSDR to allow settlement and delivery in cryptocurrency. … A … |
06 March 2020 | News | Legal analysis on the application of financial regulations to security tokens and precisions on bulletin board In a context of growing interest in the issuance of financial instruments on a blockchain, the AMF examined the legal obstacles to the development of security tokens. Among other propositions, a European "Digital Lab" would enable national authorities to waive certain regulatory requirements relating to securities settlement and delivery in return… … (European Regulation on Central Securities Depositories CSDR, Finality Directive, national account keeping and … or be itself approved as such. An adjustment of the CSDR regulation is therefore necessary to allow settlement in … |
03 February 2020 | Article | Obtain an authorisation as a central securities depository The central securities depository (CSD) authorisation is granted by AMF, after receiving an advice from Banque de France and other European authorities depending on the type of licence that is required. … the European Union and on central securities depositories (CSDR) aims to harmonise the authorisation and supervision of EU CSDs and certain settlement aspects. CSDR introduces also a mandatory buying-in and cash penalty … to tackle failed settlement transactions. … Read more … CSDR Regulation European Commission’s CSDR website ESMA … |
17 January 2020 | Public statements | Speech by Robert Ophèle, AMF Chairman - 2020 New year wishes - Wednesday 8 January - Palais Brongniart Check against delivery … area of market transactions (review of MiFID, PRIIPS and CSDR) and collective investment. With respect to MiFID, the … |
20 November 2019 | Public statements | Speech by Robert Ophèle, AMF Chairman - ECSDA Annual Conference - 20 November 2019 in Brussels Check against delivery … the entry into force of its funding European regulation, CSDR, and at the start of a new European mandate putting … taking stock of its first results. As a matter of fact, CSDR required a review of the regulation, actually by 18 … of the capital markets union. More than five years after CSDR’s entry into force, it is fair to recognise that we are … |
03 October 2019 | Public statements | Speech by Robert Ophèle, AMF Chairman - AFME European Compliance and Legal Forum - « Ai, Blockchain & Cryptoassets - Disruptive technology shaping the future of regulation & compliance » - 3 October 2019 in Paris Check against delivery … and delivery regulations (in short MIFIR-MIFID, EMIR, CSDR and the Settlement Finality Directive) do not allow for … |