# Commission Delegated Regulation (EU) 2018/1229 of 25 May 2018 supplementing Regulation (EU) No 909/2014 of the European Parliament and of the Council with regard to regulatory technical standards on settlement discipline (Text with EEA relevance), Article 8: Hold and release mechanism

Extent: E+W+S+N.I.

CSDs shall set up a hold and release mechanism that consists of both of the following:
(a) a hold mechanism that allows pending settlement instructions to be blocked by the instructing participant for the purpose of settlement;
(b) a release mechanism that allows pending settlement instructions that have been blocked by the instructing participant to be released for the purpose of settlement.

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Source: https://www.legislation.gov.uk/eur/2018/1229/article/8 (the official version)
Page: https://openlegislation.uk/eu-regulation-2018-1229/article-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.