Today, September 3, 2020, INTERBOLSA implemented in its systems the necessary changes in order to comply with the Shareholders Rights Directive II (Directive 2017/828, of May 17, 2017), namely the requirements needed and defined in the Regulation 2018/1212, of September 3, 2018.
Therefore, the amendments to the INTERBOLSA’s Regulation 2/2016, as introduced by INTERBOLSA Regulation 1/2020, can be accessed through the following LINK
Following the implementation of the CR 694 by T2S, the partial settlement window of 07:00 and 14:45, now have the following schedule: from 07:00-07:30 and 14:30-15:00 (WET).
The aim of this change is to increase the settlement efficiency to allow further processing and settlement of more instructions.
In order to properly accommodate this amendment, INTERBOLSA has changed the notice of the timetables (amendment of paragraph 5).
INTERBOLSA has made available the “Partial Release” functionality with the implementation of the T2S Change Request 653 with Release 3.2, occurred on November 16, 2019.
This new functionality that introduces benefits in improving settlement efficiency, enabling fails reduction in accordance with the future CSDR settlement discipline regime, meets the following requirements:
In cases where the partial quantity released does not settle, during the day the partial release functionality was activated (until the end of the respective cut-off), the process will be automatically canceled by T2S, returning the instruction to its original status (Hold of initial quantity).
To properly accommodate this amendment, INTERBOLSA revised Article 46 of INTERBOLSA Regulation 2/2016 (amendment of paragraph 2 and addition of paragraph 4).
Supplementary documentation: Release 3.2 Briefing Paper
