Go Live Settlement Discipline Regime

The Settlement Discipline Regime is a key aspect of the Central Securities Depository Regulation (CSDR).  
The main objective of the CSDR is to improve the safety and efficiency of securities settlement.
To achieve this objective, the Settlement Discipline Regime provides several measures to prevent delays in the settlement of securities transactions, such as

• penalties for failed settlements  
• mandatory buy-ins of undelivered securities
• extensive reporting to authorities
• suspension of participants which systematically and continuously fail to comply with the settlement discipline in the capital market by CSDs, CCPs and Exchanges 

The measures implemented are intended to prevent and counteract settlement failures and promote settlement discipline.