A weekly industry brief on regulation, post-trade and market infrastructures. Curation is performed externally by Manus; ECSDA publishes the report as received.
AI-curated by Manus Published weekly · the ECSDA site performs no AI processing.
Week 29 · 2026
20 July 2026
A quieter week on the legislative front, with attention turning to T+1 readiness testing and continued debate on the scope of the digital euro.
Regulation
Supervisors signalled a proportionate line on settlement penalties, while consultations on the CSDR Refit technical standards closed with broad industry engagement.
Post-trade
Several market infrastructures published T+1 readiness roadmaps, with a shared emphasis on affirmation deadlines and FX funding windows.
Market infrastructures
A new T2S onboarding wave completed its first full settlement cycle without material incident, and interoperability testing for tokenised securities expanded.
Week 28 · 2026
13 July 2026
Digital assets dominated the agenda, with fresh guidance on the DLT pilot regime and renewed interest in a wholesale settlement asset.
Regulation
New guidance clarified custody expectations for tokenised securities under the DLT pilot regime, narrowing earlier ambiguity on settlement finality.
Post-trade
Corporate actions harmonisation featured in two industry papers, both pointing to standing data as the main remaining barrier to straight-through processing.
Market infrastructures
A central bank reiterated its interest in a wholesale digital settlement asset, prompting renewed discussion of the CSD role in DvP.
