Friday January 13 2017
News Source: Global Exchanges
Focus: AIFMD
Type: General
Country: Finland
Link: http://www.clearstream.com/clearstream-en/products-and-services/m17001/86226
The Finnish CSD, Euroclear Finland, has announced that Infinity Release 2 for equities scheduled to be implemented before wave 5 of Target2-Securities (T2S), scheduled for 18th September 2017, has been postponed. Euroclear Finland said this will ensure the delivery of a safe and stable platform.
A revised timetable for the Infinity Release 2 will be discussed in the meeting with the Finnish Market Advisory Committee in mid-February. The revised timing for the Infinity phase 2 release will also impact the schedule for the final phase of Infinity’s development, which includes its connection to the ECB’s T2S platform.
As such, Euroclear Finland will not be able to migrate to T2S on the current date scheduled on 18th September 2017.
Click on the link above for further details.