Aggregated News From Investment Management Regulators

Problems relating to securities settlement have to be solved


Please complete the required fields.

Based on today’s report on securities settlement in the T2S system with Danish kroner, the Danish FSA states that the outstanding issues must be solved. The Danish FSA will follow up with the stakeholders in the Danish market.

”The Danish National Stakeholder Group” has published a report on the problems relating to the transition of the Danish securities market to T2S with Danish kroner. According to the report, some of the problems have been solved, which means that the Danish market again has an acceptable settlement rate (the share of securities transactions settled on time).

Attractive securities market

Effective settlement processes contribute to making the Danish securities market attractive for both domestic and foreign investors. Although the present settlement rate is on the same level as in several other European countries, it is important that the present problems are addressed with a view to increasing efficiency.

”It is important that all stakeholders in the Danish market have full focus on solving the outstanding problems within securities settlement. The Danish FSA will therefore follow up on the necessary improvement measures being implemented with the individual stakeholders”, says Anders Balling, Assistant Director General.

About T2S

T2S is a system for settlement of securities transactions which has been developed by the ECB and is used for settlement in euro. As of 29 October 2018, settlement in Danish kroner was also transferred to T2S. It appears from the report that the transition to T2S in October 2018 involved certain problems. Some of these problems have been solved, which means that the Danish market again experiences an acceptable settlement rate (the share of securities transactions settled on time). However, the underlying processes in the market are still characterised by lower efficiency than before the transition.

Link to the report

Source link

Regulator Information

Abbreviation: DFSA
Jurisdiction: Denmark

Recent Articles

Feedback Statement on Funding Financial Regulation and Designated Business Oversight

Published on: 14 May 2021 The Isle of Man Financial Services Authority has today published a Read more

Solid Invest

We believe this firm may be providing financial services or products in the UK without our authorisation. Find out why you should be wary...

Vision Introducer Ltd t/a Money Bonds Market (Clone of former Appointed Representative firm)

Fraudsters are using the details of firms we authorise to try to convince people that they work for a genuine, authorised firm. Find out...

CSA and IIROC issue reminder of the implementation date for mandatory transparency requirements related to debt securities

The Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization of Canada (IIROC) remind banks of mandatory transparency requirements that take effect on...

Get the latest from Regulatory.News in your inbox!