MISP after the October Council political agreement: selective European supervision and the remaining barriers to market integration

PwC Legal's analysis explains MISP's potential impact on the cross-border operations of trading venues, fund managers, depositaries and digital market infrastructure. It offers Czech financial groups a perspective on how the changes could affect their choice of depositary and the organisation of services across the EU. It distinguishes obligations already in force from proposals still under negotiation.

Korean owner sells 17% of Doosan Škoda Power shares to investors

The Korean owner sold approximately 17% of Doosan Škoda Power's shares for almost CZK 2.2 billion while retaining a majority of voting rights. The sale of existing shares increases the stake available to other investors; the proceeds go to the seller rather than towards financing the company.

Shortening the EU settlement cycle (T+1)

In its 16 October update, the Czech National Bank notes that preparations for European T+1 settlement are moving into practical implementation and testing. Czech market participants need to check the readiness of their systems and counterparties, with new trade allocation and confirmation requirements taking effect as early as 7 December 2026. The switch to settlement on the following business day is scheduled for 11 October 2027.

EU finance ministers agree on a capital markets integration package. Czechia helps secure proportionality and a stronger role for national supervisors

The Ministry of Finance summarises the EU Council's October agreement on the main elements of its negotiating position on MISP and its significance for smaller markets, including Czechia. Practical priorities include reducing cross-border costs, allowing funds to use depositaries in other Member States, and applying proportionate criteria when transferring supervision to the European level. These are not final rules; further progress also depends on negotiations with the European Parliament.