Deutsche Bank Issues Updated CSDR Client Toolkit

Deutsche Bank has released an updated version of its CSDR settlement discipline regime toolkit, which aims to give clients information on how to prepare ahead of the Central Securities Depositories Regulation’s (CSDR) Settlement Discipline Regime (SDR) on February 1, 2022. The bank originally published its first client toolkit in September 2019, however, the road to CSDR has been met with several challenges. The implementation date for CSDR has changed twice, with the omission of the mandatory buy-in rules most recently confirmed on November 24 via the passage of the DLT Pilot Regime. As the CSDR implementation date approaches, Deutsche Bank’s new toolkit looks to help clients and market participants with their final preparations. All actors in the securities lifecycle will be impacted by the SDR, ranging from investors to central securities depositories (CSDs). The new regulation hopes to improve the safety and efficiency of securities settlement in the European Economic Area (EEA) through the introduction of a set of measures to prevent and address failures in the settlement of securities transactions.