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  2. Legislation (EU)
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  4. 2018
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  1. Commission Delegated Regulation (EU) 2018/1229 of 25 May 2018 supplementing Regulation (EU) No 909/2014 of the European Parliament and of the Council with regard to regulatory technical standards on settlement discipline (Text with EEA relevance)
  2. Chapter II Measures to prevent settlement fails (arts. 2-12)
  3. Article 8 Hold and release mechanism
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Version status: Entered into force | Document consolidation status: Updated to reflect all known changes
Version date: 1 February 2022 - onwards
  Version 2 of 2    

Article 8 Hold and release mechanism

CSDs shall set up a hold and release mechanism that consists of both of the following:

(a) a hold mechanism that allows pending settlement instructions to be blocked by the instructing participant for the purpose of settlement;

(b) a release mechanism that allows pending settlement instructions that have been blocked by the instructing participant to be released for the purpose of settlement.

Comparing proposed amendment...
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