Clearstream gains CSDR licence for ICSD
13 April 2021 Germany
Image: stock.adobe.com/fotola70
Deutsche Boerse-owned post-trade services provider Clearstream has obtained Central Securities Depositories Regulation (CSDR) licence for Clearstream Banking, its international central securities depository (ICSD), effective as of 12 April.
This is the third Clearstream CSD to receive a licence under CSDR after Clearstream’s German and Luxembourg CSDs. Only one more licence, for banking services for its German CSD, is outstanding.
The securities marketplace organiser applied for the licenses through the Luxembourg Commission de Surveillance du Secteur Financier (CSSF) which include core and non-banking type ancillary services and banking services.
Clearstream chair and member of the executive board of Deutsche Boerse Stephan Leithner says: “CSDR is a key pillar of the EU’s post-trade regulation. By requiring CSD services to be provided by trusted, licensed infrastructures set up according to stringent and transparent rules, CSDR aims to create a level playing field and promote market stability and integrity.
“These goals align perfectly with Clearstream’s mission of providing a safe, efficient and trusted post-trade ecosystem for all market participants.”
Now read: CSDR consultation responses show majority in favour of buy-ins becoming voluntary
This is the third Clearstream CSD to receive a licence under CSDR after Clearstream’s German and Luxembourg CSDs. Only one more licence, for banking services for its German CSD, is outstanding.
The securities marketplace organiser applied for the licenses through the Luxembourg Commission de Surveillance du Secteur Financier (CSSF) which include core and non-banking type ancillary services and banking services.
Clearstream chair and member of the executive board of Deutsche Boerse Stephan Leithner says: “CSDR is a key pillar of the EU’s post-trade regulation. By requiring CSD services to be provided by trusted, licensed infrastructures set up according to stringent and transparent rules, CSDR aims to create a level playing field and promote market stability and integrity.
“These goals align perfectly with Clearstream’s mission of providing a safe, efficient and trusted post-trade ecosystem for all market participants.”
Now read: CSDR consultation responses show majority in favour of buy-ins becoming voluntary
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