Meeting Central Securities Depositories Regulation (CSDR) requirements
LuxCSD supports the objectives of CSDR, which aim to enhance the safety and efficiency of securities settlement and the settlement infrastructures in the EU, while also establishing a more equitable level playing field among European CSDs.
One of the key mechanisms through which CSDR seeks to achieve its objectives is by requiring all CSDs to apply for a licence to operate. The licence sets out a host of performance and operational criteria all CSDs must fulfil, such as enhanced capital and transparency requirements.
LuxCSD filed an application pursuant to Article 17 CSDR (core services, non-banking-type ancillary services) and received its CSDR licence on 15 April 2020. It has achieved full CSDR compliance.
The CSDR impacts on financial market operations are wide ranging. In addition to CSDs themselves, the CSDR impacts wider financial market infrastructures, including clearing houses and trading venues.
For further information, please see our below attached Briefing Paper and Spotlight (for an executive summary).
LuxCSD clients may also contact their Relationship Officer.