The European Commission has published a press release in which Michel Barnier, European Commissioner for Internal Markets and Services, welcomes the European Parliament’s approval of the proposed Regulation on improving securities settlement and central securities depositaries (the CSD Regulation). Following the recent vote in plenary, the CSD Regulation needs to be formally adopted by the Council of the EU. It is expected that the rules will be published in the Official Journal of the EU in the third quarter of 2014.

View Safer and more efficient securities settlement: Commission welcomes European Parliament vote, 15 April 2014