The European Securities and Markets Authority (ESMA) has postponed the regulatory disciplinary regime (SDR) of the Central Securities and Depositories Regulation (CSDR). The ordinance will come into force on February 1, 2021.
Buy-side firms are concerned about the impact of SDR on liquidity
In its final report on this matter, ESMA writes that it considers it appropriate to allow more time before the application of the SDR.
The news means that market participants will have six additional …
