Central Securities Depositories definition
Examples of Central Securities Depositories in a sentence
On 6 July 2006, the Governing Council decided to explore, in cooperation with the Central Securities Depositories (hereinafter the ‘CSDs’) and other market participants, the possibility of setting up a new Eurosystem service for securities settlement in Central Bank Money, to be called TARGET2-Securities.
The SEK Bonds will be registered in accordance with the Swedish Central Securities Depositories and Financial Instruments Accounts Act and the NOK Bonds will be registered In accordance with the Norwegian Securities Register Act and the terms and conditions of the VPS.
The provisions in this Clause 28 apply unless they are inconsistent with the provisions of the Central Securities Depositories and Financial Instruments Accounts Act which provisions shall take precedence.
The Securities Financing Transactions are carried out on a bilateral basis through a specialized Securities Lending Agency or the financing and lending infrastructure of the International Central Securities Depositories.
Accordingly, the Bonds will be registered in accordance with the Central Securities Depositories and Financial Instruments Accounts Act.
Instruments may not be offered or sold within Norway or, applicable to NOK denominated Instruments only, outside Norway to Norwegian residents, except for VPS Instruments or Instruments registered in book entry form with an EU authorised central securities depository (CSD) in accordance with the Central Securities Depositories Regulation (EU/909/2014).
The SDRs shall be registered in book-entry in a CSD-Register maintained by Euroclear (the “Euroclear Register”) in accordance with the Swedish Central Securities Depositories and Financial Instruments Accounts Act (Sw. Lag (1998:1479) om värdepapperscentraler och kontoföring av finansiella instrument).
Under the EU Central Securities Depositories Regulation, trades in the secondary market are required to settle in two London business days, unless the parties to any such trade expressly agree otherwise.
Likewise, in accordance with the applicable regulations, and in particular, according to Regulation (EU) 909/2014 of 23 July 2014 on improving securities settlement in the European Union and on central securities depositories, or any superseding regulation that may replace it, in the event of an unsuccessful settlement, the Central Securities Depositories may impose sanctions and compensations to the participants in order to facilitate a satisfactory settlement of the trades.
Central Securities Depositories (‘CSD’) According to Article 23bis of the law of 2 August 2002, the FSMA supervises central securities depositories established in Belgium with respect to compliance with the rules referred to in Article 45, §1, 1°, and with respect to compliance with the rules guaranteeing the fair, equal and professional treatment of participants and their clients.