Monday May 14 2018
News Source: Global Exchanges
Focus: Other
Type: General
Country: Finland
Link: https://www.euroclear.com/finland/en/who-we-are/rules-ceo-decisions.html
On 7th May 2018, Euroclear Finland amended its Operational Rules. The amendments have adjusted various clearing and settlement functions.
The Amendments have extended the settlement period which now reads:
Settlement Period: Settlement Period refers to the period of time between the Trading Day and the Settlement Date including the latter.
The settlement period previously read:
Settlement Period: The settlement period of a transaction is two (2) registration days unless cut or extended in accordance with these Rules or unless the Settlement Members have agreed on another settlement period for the transaction.
The updated rules have been effective since the 7th May 2018. The full list of amendments can be seen in the Euroclear Finland Rules-tracked version
For additional information please click the link above.