NSA advocates for the recognition of Nordic holding models in future CSD regulation
The Commission released its proposal for a Regulation on Central Securities Depositories (CSDs) and on improving settlement in the EU on the 7th of March 2012. For NSA it is important to ensure that the CSD regulation is neutral and does not favour one particular model of holding and recording of book-entry securities over another. The regulation should thus cover all currently existing direct, indirect or mixed European holding models.
You will find the position paper here