European Commission endorses CSDR delay until February 2021

The proposed Commission Delegated Regulation postpones the entry into force of Commission Delegated Regulation (EU) 2018/1229 from 13 September 2020 to 1 February 2021.

Taking into account that for 2020 ISO messages will be released on 21-22 November 2020, and that the T2S penalty mechanism operated by the ECB will go into operation on the same dates, as well as the need to have a reasonable buffer to cover for potential operational complexities after the go live as well as to avoid an overlap with operational issues at the turn of the year, it seems appropriate to set the date for the entry into force of Commission Delegated Regulation (EU) 2018/1229 at 1 February 2021.

The full delegated act is available at https://ec.europa.eu/transparency/regdoc/rep/3/2020/EN/C-2020-2842-F1-EN-MAIN-PART-1.PDF

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