This MasterClass will guide participants through the new Central Securities Depositories (CSDs) regulatory compliance framework that is in place across the European Union (EU). The new Central Securities Depositories Regulation (No 909/2014) (CSDR) wants to harmonise securities settlement rules throughout the EU in order to increase the safety and efficiency of securities settlement and securities settlement infrastructures. CSDs and CSD customers will need to comply with the new CSDR requirements by mid-May 2018, followed by those relating to the settlement discipline regime during the course of 2019.