ESMA should monitor settlement efficiency during the move to a T+1 settlement cycle and should report thereon with increased frequency during the months immediately preceding and immediately following that move. In light of the exemption from the T+1 settlement cycle requirement for certain types of securities financing transactions pursuant to this Regulation, ESMA should pay particular attention to the settlement efficiency of securities financing transactions traded on or outside trading venues.
Text as published in the Official Journal, reproduced verbatim (including any typographical quirks of the source). For the authentic version, see EUR-Lex.
