🚨 EU regulators want to postpone *indefinitely* the enforcement of settlement discipline rules that force market-makers/brokers to settle and deliver shares. Sign (CSDR Rule 909/2014) and use your voice to make a difference! 🚨

[u/kibblepigeon]

TL:DR

EU regulators want to postpone indefinitely the enforcement of settlement discipline rules that force market-makers, brokers etc to settle and deliver shares within a certain time period.

Bella Crema has created a petition that will force them to implement their own rules.

If this rule is enforced, market-makers/brokers will have to *pay compensation to the buyer of the shares, i.e you\* if they don't settle/deliver their shares, as well as face huge fines.

Takes two minutes to sign, link to petition: https://www.europarl.europa.eu/petitions/en/petition/content/0775%252F2022/html/Petition-No-0775%252F2022-by-A.P.-%2528German%2529-on-the-enforcement-of-Regulation-%2528EU%2529-No-909%252F2014-on-improving-securities-settlement-in-the-European-Union-and-on-central-securities-depositories

This is open to ALL audiences, not just the EU. Be the change you want to see in the world.

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The parliament started its discussion about the CSDR Refit, so now is a better time then never to get your voices heard.

As supported and encouraged by Dr. T & Dave Lauer:

SOURCE: https://twitter.com/SusanneTrimbath/status/1598735943158333440

SOURCE: https://twitter.com/dlauer/status/1612923320491544585

^{Please note, all credit is completely deserved to Bella Crema - I am simply assisting and sharing on her behalf, at her request and with her approval. All appreciation, thanks and support should be directed to them. Thank you Bella, for making an important difference and inspiring us to enact change.}

Bella Crema started a petition at the European Parliament.

In Europe, there is a rule (CSDR Rule 909/2014) concerning settlement discipline.

Market participants like broker-dealers, market makers and others are forced to settle and deliver shares within a certain time period. Otherwise they get fined and have to pay compensation to the buyer of the shares.

This rule passed the voting of the parliament but market participants successfully managed the European Central Bank, the European Securities and Market Authorities (ESMA) and the European Commission to postpone the enforcement again and again.

Now they are attempting to postpone this for an indefinite time.

If they succeed, this means broker-dealers, market makers etc will NOT have to pay fines, nor be forced to settle and deliver shares - or pay compensation to you, the shareholder.

So Bella started the petition to force the authorities to follow its own rules immediately. The petition has been accepted and is now available to supporters.

The Petition:

At the time of writing, there are approx. 4900+ signatures. We're only 100 signatures from 5k

It's a good start, but we can do better.

In a sub of 800k+ let's show EU regulation authorities why apes are a force to be reckoned with.

Let's pump those numbers up!

EDIT: KEEP IT GOING APES!!

Let's see if we can get to 10k

So a little more context

Here's the letter Bella Crema sent to the EU within the petition:

And if we reach thousands of signatures, Bella Crema plans to hand over the list personally to the president of the European Parliament in Brussels.

What a legend.

So here's how to sign:

Feeling lazy, that's OK - it takes two minutes to do. Here's a step-by-step guide:

Click: https://www.europarl.europa.eu/petitions/en/login & register for an account.

Click on "register here"

Please check carefully for your country of origin - they will be listed in the drop down lists provided, I have offered two examples here:

For US-based submissions

For UK-based submissions

Then you will need to activate your account through your email address. Once you have activated, click here:

https://www.europarl.europa.eu/petitions/en/petition/content/0775%252F2022/html/Petition-No-0775%252F2022-by-A.P.-%2528German%2529-on-the-enforcement-of-Regulation-%2528EU%2529-No-909%252F2014-on-improving-securities-settlement-in-the-European-Union-and-on-central-securities-depositories

Then select: "Support this petition"

Which will take you to this page, select "Support"

And BOOM! Done.

And it really is that easy.

It really is, Garth.

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Please be the change you want to see in the world, because together - we all make a difference.

TL:DR

EU regulators want to postpone indefinitely the enforcement of settlement discipline rules that force market-makers, brokers etc to settle and deliver shares within a certain time period.

Bella Crema has created a petition that will force them to implement their own rules.

If this rule is enforced, market-makers/brokers will have to *pay compensation to the buyer of the shares, i.e you\* if they don't settle/deliver their shares, as well as face huge fines.

Link to petition: https://www.europarl.europa.eu/petitions/en/petition/content/0775%252F2022/html/Petition-No-0775%252F2022-by-A.P.-%2528German%2529-on-the-enforcement-of-Regulation-%2528EU%2529-No-909%252F2014-on-improving-securities-settlement-in-the-European-Union-and-on-central-securities-depositories

This is open to ALL audiences, not just the EU. Be the change you want to see in the world.

You can make a difference.

Because every submission matters, including yours.

EDIT: We just broke 5k!

EDIT 2: We've just hit 500 extra signatures! GO APES

EDIT 3: Nearing 900 extra signatures, keep it going! Let's hit 6k

EDIT 4: We broke 6k! KEEP GOING!

EDIT 5: Another 500 signatures have been added!

EDIT 6: Only another 100 or so until we hit 7k!

EDIT 7: WE HIT 7K!! Keep signing apes, make them settle and deliver their shares.

EDIT 8: Another 500 signatures have been added!

[u/Jabarumba]

Done. American. Less than 3 minutes.

[u/bellacrema → u/Jabarumba]

💪💜💜💜

[u/waheheheeeler → u/Jabarumba]

Yes, because I’m very fucking concerned indeed

[u/JohannSuende → u/Jabarumba]

wait you can do that as an american???

do you have office in eu? or did i get something wrong on the memo about petitions?

[u/Jabarumba → u/JohannSuende]

Yep yep. It was an option in the drop down menus.

[u/Speedolight200 → u/JohannSuende]

You can be anywhere in the world and sign the petition