The authorisation, issued by Sweden’s supervisor Finansinspektionen, lists three core services:
- Initial recording of securities in a book-entry system (“notary”)
- Providing and maintaining securities accounts at the top tier level (“central maintenance”)
- Operating a securities settlement system (“settlement”).
“It is an important milestone for the company. This enables us to continue to provide a secure, efficient and stable market infrastructure for the Swedish capital market,” Michael Carty, CEO of Euroclear Sweden, comments in a press release.
These 17 are now authorised
To see the list of CSDs authorised under CSDR, find here the official CSD register held by the European Securities and Markets Authority (ESMA). At the time of writing it is not updated with the recent Finnish authorisation, nor this new Swedish one. These put the total number at 17.
The European Central Securities Depositories Association (ECSDA), too, publishes a CSD list which has been updated faster. Find it here.