Consultation outcome

Implementation of EU Directive 2009/44/EC on settlement finality and financial collateral arrangements

This consultation was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government

This consultation has concluded

Download the full outcome

Implementation of EU Directive 2009/44/EC on settlement finality and financial collateral arrangements: summary of responses

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Detail of outcome

Summary of responses on implementation of EU Directive 2009/44/EC – settlement finality and financial collateral arrangements

Original consultation

This consultation ran from to

Summary

Views sought on proposals for implementation in the UK of the Amending Directive. On 6 May 2009 the European Parliament…

Documents

A consultation on the implementation of EU Directive 2009/44/EC on settlement finality and financial collateral arrangements

This file may not be suitable for users of assistive technology. Request an accessible format.

If you use assistive technology (eg a screen reader) and need a version of this document in a more accessible format, please email digital.communications@hmtreasury.gsi.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Consultation description

This consultation document seeks views on proposals for implementation in the UK of the Amending Directive.

On 6 May 2009 the European Parliament and Council adopted Directive 2009/44/EC (the “Amending Directive”), which amends Directive 98/26/EC on settlement finality in payment and securities settlement systems (the “SFD”) and Directive 2002/47/EC on financial collateral arrangements (the “FCD”). Member states have until 30 December 2010 to adopt and publish their implementing measures, which are to apply from 30 June 2011.

This consultation is aimed at  participants in the payment and settlement industry and other interested parties such as legal in solvency specialists.