Clearstream gains CSDR licence for ICSD
13 April 2021 Germany
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Deutsche Boerse-owned post-trade services provider Clearstream has obtained Central 麻豆传媒 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鈥檚 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: 鈥淐SDR is a key pillar of the EU鈥檚 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.
鈥淭hese goals align perfectly with Clearstream鈥檚 mission of providing a safe, efficient and trusted post-trade ecosystem for all market participants.鈥�
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This is the third Clearstream CSD to receive a licence under CSDR after Clearstream鈥檚 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: 鈥淐SDR is a key pillar of the EU鈥檚 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.
鈥淭hese goals align perfectly with Clearstream鈥檚 mission of providing a safe, efficient and trusted post-trade ecosystem for all market participants.鈥�
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