CCP.A could go live in the Czech capital market in mid-2019
The European Commission has approved the technical standards for the implementation of CSDR - with the exception of the ones on settlement discipline - in alignment with ESMA.
The date for the approval of the regulatory technical standards on settlement discipline is not known as of now and therefore it is not yet possible to set a date for the implementation of CCP.A (the estimation of ECSDA is Q2 2017, which would mean implementation in Q2 2019).
No impact is foreseen on OTC transactions processing.
Alena Kalašová
Relationship Manager
GSS Czech Republic
alena.kalasova@unicreditgroup.cz