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Image header Agence Europe
Europe Daily Bulletin No. 13210
ECONOMY - FINANCE - BUSINESS / Finance

EU Council and European Parliament reach provisional political agreement on rules for central securities depositories

On Tuesday 27 June, negotiators from the Council of the European Union and the European Parliament reached a provisional political agreement on updating the rules on central securities depositories (CSDs) (see EUROPE B13133A16).

The agreement sets out to clarify and simplify the rules governing ‘passport’ procedures, whereby a CSD based in one EU Member State can provide services in another Member State. These new rules will replace the 2014 regime, which was seen as being complex and...

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