As per the information recently disclosed by KELER on CSDR compliance, the local CSD is going to meet the requirements of the Settlement Discipline Regime (SDR) within the framework of its service modernisation program called KSDP. Since KSDP and SDR are closely related, KELER will be SDR compliant only from the go-live date of the KSDP program planned on 31 March, 2021.
KELER is working together with the Central Bank of Hungary to find a solution for the interim period between the EU implementation of SDR and the KSDP launch date.
For further information please visit KELER’s website at the following link:
https://english.keler.hu/kelernews/?id=975853
Impact on investors: KELER’s CSDR compliance will be harmonized with it’s service modernisation program planned to be launched on 31 March 2021.