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BNY Mellon, a global leader in investment management and investment services, has confirmed that its Brussels-based central securities depository, BNY Mellon CSD SA/NV, has been accepted as a recognised system for settling transactions in securities listed on the two markets operated by the Luxembourg Stock Exchange. Chris Prior-Willeard, CEO of BNY Mellon CSD SA/NV, said: “This is a significant step in building out our CSD entity as it gives us the ability to provide straight-through processing for new Luxembourg-listed issues of securities and funds. That new ability and our recognised securities settlement system status are set to become ever more important as new regulations impact CCPs, UCITS and other regulated entities.”
Robert Scharfe, CEO of the Luxembourg...
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