GERMANY: BaFin Grants CSDR Licence to Clearstream Banking AG

Friday February 7 2020

BaFin granted Clearstream Banking AG the licence to operate as a German Central Securities Depository, according to Article 16 Central Securities Depository Regulation (Regulation (EU) No 909/2014) – CSDR.

The licence authorises the company to provide core services and non-banking-type ancillary services under the CSDR.

Clearstream Banking AG is a subsidiary of Deutsche Börse AG and as post-trade services provider responsible for the settlement of securities transactions, custody and administration of domestic and foreign securities.

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