Gap Analysis Tools

GRT Consulting provides free, interactive self-assessment tools that help banks, brokers, custodians, CSDs, asset managers and service providers quickly identify readiness gaps against key EU regulations.

Each diagnostic is structured around the core requirements of the relevant Level 1 and Level 2 texts, produces a prioritised view of gaps, and can be used as an early input to a fuller gap analysis or implementation programme.

Key upcoming regulatory deadlines

The dates below are the most material near-term milestones for post-trade, operational resilience and market infrastructure participants.

7 December 2026

CSDR – Allocations & Confirmations (Settlement Discipline RTS)

Who is affected: Investment firms, brokers, custodians, buy-side, CSDs and their clients

New requirements on timing and machine-readable exchange of allocations and confirmations (international standards). First major operational milestone on the path to T+1.

1 July 2027

CSDR – Settlement fails reporting & related RTS measures

Who is affected: CSDs and participants

Updated rules on how CSDs report and publish settlement fails data and related settlement-efficiency measures.

11 October 2027

CSDR T+1 – Full settlement cycle goes live

Who is affected: Banks, brokers, custodians, CSDs, CCPs, asset managers and service providers settling transferable securities on EU venues / EU CSDs

Intended settlement date becomes no later than the first business day after the trade (T+1). Includes early settlement instructions, hold & release, auto-partial settlement and related CSD functionalities.

Ongoing (applied since 17 January 2025)

DORA – Digital Operational Resilience

Who is affected: Almost all financial entities (credit institutions, investment firms, CSDs, trading venues, fund managers, crypto-asset service providers, ICT third-party providers)

Harmonised ICT risk management, major incident reporting, resilience testing and third-party risk requirements. Supervisory focus continues through 2026–2027.

Available and planned tools

Tool	Status	Key deadlines	Primary regulatory texts	Access
CSDR T+1 Readiness Diagnostic Seven-dimension self-assessment covering allocations, settlement instructions, fails, technology, liquidity, ecosystem and governance.	Live	7 Dec 2026 1 Jul 2027 11 Oct 2027	• Regulation (EU) 2025/2075 • COM(2025) 38 final • ESMA T+1 assessment report • Industry High-level Roadmap • ESMA RTS Settlement Discipline Final Report	Launch diagnostic →
DORA Readiness Diagnostic ICT risk management, incident reporting, resilience testing and third-party risk.	Planned	Applied since 17 Jan 2025 (ongoing)	• Regulation (EU) 2022/2554 (DORA) • Related Commission Delegated Regulations & ESA technical standards	Coming soon
MiFID II / MiFIR Conduct & Transparency Diagnostic Best execution, order handling, transparency, transaction reporting and record-keeping.	Planned	Ongoing + 2026–27 MiFIR review measures	• Directive 2014/65/EU (MiFID II) • Regulation (EU) No 600/2014 (MiFIR)	Coming soon
EMIR / EMIR 3 Clearing & Reporting Diagnostic Clearing obligation, active account, reporting and risk mitigation.	Planned	Phased 2025–2027	• Regulation (EU) No 648/2012 (EMIR) • EMIR Refit (2019/834) & EMIR 3 measures	Coming soon

Additional diagnostics will be added as the regulatory calendar evolves. All tools are illustrative self-assessments and do not constitute legal or regulatory advice.

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GRT Consulting delivers full readiness reviews covering process, technology, contracts, testing and ecosystem dependencies.
T: +44 20 3695 9251 · E: info@grtconsult.com
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Gap Analysis Tools

Key upcoming regulatory deadlines

Available and planned tools

Speak to us about how we can help you

T: +44 20 3695 9251

E: info@grtconsult.com