AFME, ISDA and ISLA among trade bodies to deliver the concise message of delay the settlement discipline regime.
With seven months to go until the go-live of SDR, participants have grown increasingly worried they will be unable to make changes to operations to meet the rules.
As the consultation period for Europe’s Settlement Discipline Regime concludes, industry associations again step up calls for the removal of mandatory buy-ins.
The majority of industry bodies and market participants will most likely focus their feedback on the settlement penalties and the buy-in components of CSDR.
The proposal came in response to a request from the European Commission to further postpone the Settlement Discipline Regime.
Advanced discussions are underway among EU regulators to propose a delay, The TRADE understands, though confirmation of this could still be months away.