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22 march 2013

Regulating securities settlement and delivery

The draft regulation of 7 March 2012 on central securities depositories, which hold securities and execute transactions, aims to bring more security and efficiency to securities settlement and delivery in Eruope.

 

This regulation reduces the settlement period to two days and harmonises penalties in the event of non-delivery.


French banks believe that central securities depositories' banking activities should also be regulated so as to guarantee the security of the whole system.

 
 
 
 
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