On 18 July 2022 the Depository for government bonds, managed by the National Bank of Romania, SaFIR has successfully implemented in production the new system which comprises the CSDR requirements, such as:
- Recycling of settlement instructions,
- Sanctions as per Regulation (EU) no. 909/2014 and the Delegated Regulation (EU) 2018/1229,
- Monitoring the cases of non-execution of settlement and the sanctions related to cash funds according to the Delegated Regulation (EU) 2018/1229,
- Application and calculation, reporting, claim, collection and redistribution in case of sanctions.
Impact on investors: Clients should take note of the above update.