The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has launched a consultation on settlement discipline, with the objective of improving settlement efficiency across various areas.
ESMA is consulting on a set of proposals to amend the technical standards on settlement discipline that include:
- reduced timeframes for allocations and confirmations,
- the use of electronic, machine-readable allocations and confirmations according to international standards, and
- the implementation of hold & release and partial settlement by all central securities depositories.
ESMA also wants to gather stakeholders’ views on additional measures that could potentially enhance settlement efficiency, for which there are no specific policy proposals yet.This consultation takes into account the transition to T+1 in the European Union and the legislative proposal published by the Commission on 12 February 2025. It is aligned with the roadmap outlined in ESMA’s Final Report on Shortening the Settlement Cycle.
Next steps
ESMA will consider the feedback to this consultation until 14 April 2025 and expects to publish a final report and submit the draft technical standards to the European Commission (EC) by October 2025.
Source: ESMA
NEWSLETTER SIGN UP
And receive exclusive articles on securities markets
🏆 The 2026 Global Markets Choice Awards are here! 🌍 Nominations are officially OPEN for the celebration of excellence in global capital markets trading & technology. Nominate below:
https://www.jotform.com/form/260086385121150
Delaware Life Insurance Company is becoming the first insurance carrier to offer an index that contains cryptocurrency, adding the BlackRock U.S. Equity Bitcoin Balanced Risk 12% Index to its fixed index annuity (FIA) portfolio.
As the digital assets industry pushes toward
Franklin Templeton is expanding its tokenized fund suite, signaling growing institutional demand for blockchain-based fund infrastructure and regulated investment products moving onchain. Read the full article below:
$50 billion in active ETF inflows helped fuel a record year for @BlackRock 's iShares business, as investors continue to lean into active strategies.
Related articles
-
The goal is to increase certainty ahead of the go-live of the EU’s CTs for bonds and equities.
-
EFAMA said pre-trade tape should include venue attribution and five layers of data.
-
Transparent Markets Europe has been established to submit a bid.
-
The regulator intends to reach a decision by early July 2026.
-
The firm said it is the only one licensed to operate regulated digital asset infrastructure in the US & EU.