--- title: ESMA Proposes To Further Postpone CSDR Settlement Discipline description: This delay is due to the impact of the COVID-19 pandemic. image: https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/Depositphotos_126289372_xl-2015-May-12-2022-09-10-09-81-AM.jpg --- ![websites-group](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/new-MMG-01.svg) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-new-marketsmedia-logo.svg)](https://www.marketsmedia.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-traders-redlogo.svg)](https://www.tradersmagazine.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-bestexe-logo.svg)](https://www.bestexecution.net/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-fidesk-logo.svg)](https://www.fixglobal.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-fixglobal-new-logo.svg)](https://www.fixglobal.com/) - [*Facebook*](https://www.facebook.com/MarketsMedia/) - [*Twitter*](https://twitter.com/marketsmedia) - [*Linkedin*](https://www.linkedin.com/company/markets-media-llc) - [Newsletter](https://articles.marketsmedia.com/esma-proposes-to-further-postpone-csdr-settlement-discipline#popup-newsletter) #### Want the latest news on securities markets -- FREE? 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This postponement is due to the impact of the COVID-19 pandemic on the implementation of regulatory projects and IT deliveries by Central Securities Depositaries and a wide range of market participants and follows a [request ](https://www.esma.europa.eu/sites/default/files/library/ec_letter_to_esma_on_rts_on_settlement_discipline.pdf)from the European Commission (EC). https://twitter.com/ESMAComms/status/1299275972143874049 The measure is additional to the [Commission Delegated Regulation (EU) 2020/1212 ](https://eur-lex.europa.eu/legal-content/EN/TXT/?qid=1598357115362&uri=CELEX:32020R1212), based on ESMA’s [proposal](https://www.esma.europa.eu/sites/default/files/library/esma70-151-2895_final_report_-rts_settlement_discipline_postponement.pdf) to amend the RTS on settlement discipline to postpone its date of entry into force from 13 September 2020 to 1 February 2021. The RTS on settlement discipline cover measures to prevent and address settlement fails including: - rules for the trade allocation and confirmation process; - cash penalties on failed transactions; - mandatory buy-ins; and - monitoring and reporting of settlement fails. **Next steps** Following the endorsement of the RTS by the EC, the Delegated Regulation will then be subject to the non-objection of the European Parliament and of the Council. Source: ESMA [Share](https://www.facebook.com/share.php?u=https://articles.marketsmedia.com/esma-proposes-to-further-postpone-csdr-settlement-discipline) [Tweet](https://twitter.com/intent/tweet?text=US+ETFs+Have+Record+Net+Inflows&url=https://articles.marketsmedia.com/esma-proposes-to-further-postpone-csdr-settlement-discipline) [Share](https://www.linkedin.com/cws/share?url=https://articles.marketsmedia.com/esma-proposes-to-further-postpone-csdr-settlement-discipline) ![email](https://articles.marketsmedia.com/hubfs/Markets%20Media/email.svg) ### NEWSLETTER SIGN UP And receive exclusive articles on securities markets ### Related articles 1. 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