Brussels, 06/03/2012 (Agence Europe) - EU Internal Market Commissioner Michel Barnier will unveil draft legislation on Wednesday 7 March to harmonise rules for central securities depositories (CSD), access to them and interoperability. CSD provide a crucial service to the financial markets by registering, storing and settling securities, and in an ever more computerised environment the Commission says it is time to introduce European CSD rules.
The draft legislation will: - improve security...