The European Commission comes with an initiative aiming to enhance the securities settlement discipline. In particular, it concerns regulation which is binding also for the Slovak Republic. In practice this will mean the obligation to implement the penalty mechanism from 01 February 2022, through which Centrálny depozitár cenných papierov SR (CDCP SR) will have to collect and consequently distribute cash penalties for late settlement or late matching of settlement instructions. The goal of the proposal is to achieve higher efficacy and also certainty during trading with securities for both parties – buyers and sellers. Full press release HERE.
Centrálny depozitár cenných papierov SR (CDCP) has been notified of a fraudulent invoice issued on behalf of CDCP and sent by an unknown sender. The