The Settlement Discipline Regime (SDR) is a key requirement of the Central Securities Depository Regulation (CSDR), aimed at enhancing operational efficiency of CSDs and ensuring timely and efficient settlement across the EU.
Under this regime, Euronext Securities Porto:
- Introduced a set of rules and procedures to encourage the settlement of transactions on the intended settlement date;
- Adopted various measures to prevent settlement fails;
- Analysed the measures foreseen in the CSDR to address settlement fails;
- Promotes dialogue and sharing of relevant information on the subject with the Market;
- Provides its Participants with the essential functionalities required following the regime's entry into force on February 1, 2022.
Documents prepared by the ECSDA (European Central Securities Depositories Association) with the aim of harmonisation of rules and procedures related to cash penalties: link