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Deutsche Börse Group’s post-trade services provider Clearstream has obtained the CSDR licence for Clearstream Banking AG, its German central securities depository. The licence was granted by the German Federal Financial Services Authority BaFin pursuant to Art. 16 CSDR (core and non-banking type ancillary services). The authorisation is effective as of 21 January 2020.
The key objectives of the Central Securities Depositories Regulation (CSDR) are to increase the safety and efficiency of securities settlement and settlement infrastructures in the European Union and to establish an enhanced level playing field among central securities depositories (CSDs). For CSDs, it seeks to create a harmonised set of rules for authorisation, operation and governance, as well as for...
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