Slovene CSD (KDD) announced the details of workshop on the implementation of the CSDR settlement discipline measures.
The workshop will be held on September 22. Participation is limited to the KDD’s members (local custodians).
The following topics are on the agenda of the workshop:
- General overview of the settlement discipline measures:
- measures to prevent settlement fails,
- procedures for monitoring, reporting and disclosing settlement fails,
- penalties for settlement fails,
- buy-in procedure
- Detailed presentation of the penalties system for settlement fails (from a technical, operational and legal point of view) and related testing schedule with the KDD’s members.
Impact on investors: Client should be aware of the workshop held by the CSD on the implementation of CSDR settlement discipline measures. Additional information will be shared with clients in due course.