Mandatory buy-ins are now confirmed to be delayed, with imminent announcements expected from ESMA as to how long the delay will be.
The IA has also worked with members to draft supporting documentation and material for members on our CSDR page. Additionally, the IA has been running regular well-attended working group sessions with members to assess and talk through common issues surrounding cash penalties and mandatory buy-ins. The IA has hosted Eurex, the sole buy-in agent offering, at one of our working groups as well as participating in a joint session with AFME and their various sell-side members to discuss cross buy/sell side issues.
Into 2022, the IA will continue to host these working groups to continue to disseminate information and talk through CSDR implementation to support members leading up to, and past, the cash penalty implementation date of the 1st February 2022.