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New version applies from 02/11/2022 — introduced by Commission Delegated Regulation (EU) 2022/1930. 33 provisions change. Later versions: 02/09/2024. Article 8 changes in this version: compare with the current text.

Article 8 - Hold and release mechanism

Article 8
Hold and release mechanism

CSDs shall set up a hold and release mechanism that consists of both of the following:

((a))

a hold mechanism that allows pending settlement instructions to be blocked by the instructing participant for the purpose of settlement;

((b))

a release mechanism that allows pending settlement instructions that have been blocked by the instructing participant to be released for the purpose of settlement.

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