The General Secretariat of the Council of the EU has published the final compromise text of the draft Regulation on improving securities settlement in the EU and on central securities depositories (the CSD Regulation).
The Council has invited the Permanent Representatives Committee to approve the text and confirm to the Presidency of the Council that it can indicate to the European Parliament that, should the European Parliament adopt its position at first reading as regards the final compromise text (subject if necessary to revision by legal linguists), the Council would approve the Parliament’s position.
The Council has subsequently issued a press release confirming that the Permanent Representatives Committee has approved the compromise text.
View Proposal for a Regulation on improving securities settlement in the European Union and on central securities depositories and amending Directive 98/26/EC, 24 February 2014
View Central securities depositories: Council confirms agreement with EP, 26 February 2014