The CSDR Regulation (No. 909/2014) on enhancing securities settlement in the European Union and central securities depositories (CSDs) is one of the legacies of the banking and financial crisis that hit the world in 2008. Seeking to strengthen the resilience of the internal market and recognising the systemic role of CSDs, the European institutions have chosen, by adopting this Regulation on 23 July 2014, to accelerate the convergence of EU standards on CSDs and to enhance the safety and efficiency of settlement processes. The regulation entered into force on 17 September 2014 in all Member States.
