On 27 December 2023, there was published in the Official Journal of the EU, Regulation (EU) 2023/2845 amending the Central Securities Depositories Regulation (CSDR) and the Short Selling Regulation.

Regulation (EU) 2023/2845 was originally published by the European Commission on 16 March 2022 and focuses on amending the CSDR in five main areas: the passporting regime, cooperation between supervisory authorities, banking-type ancillary services, settlement discipline (including the pre-conditions for applying mandatory buy-ins) and the oversight of third country central securities depositories. It also amends the Short Selling Regulation by re-introducing a provision about buy-in procedures.

Regulation (EU) 2023/2845 will enter into force on 16 January 2024 and will be directly applicable in EU Member States. However, certain provisions in Article 1 will apply from 17 January 2026 and 1 May 2024.