The Council of the EU has published a revised text (dated 23 July 2014) of the Regulation on improving securities settlement and regulating central securities depositories (CSDR). The text has been tidied up in line with its adoption by the Council of the EU on 23 July 2014.

Guidelines for complaints-handling

On 25 August 2014, the joint committee (ESMA and the European Banking Authority) published translations of guidelines for complaints-handling for the securities and banking sectors. The guidelines aim to increase market confidence and ensure a harmonised approach to handling complaints for all 28 EU Member States and across all financial services sectors (they are consistent with the pensions sector also). The guidelines will become applicable two months after the date of publication.