Euroclear Sweden receives CSD license

Euroclear Sweden has today received its license to operate under the EU’s Central Securities Depository Regulation (CSDR) from the Swedish Financial Supervisory Authority.CSDR´s main objectives are to increase the efficiency of securities settlement and to establish an enhanced level playing field among European CSDs. CSDR aims to harmonise the settlement discipline, settlement cycle and to provide a set of common requirements for European CSDs. Michael Carty, CEO of Euroclear Sweden commented:” We are pleased to have been granted authorisation under the CSDR EU regulation. It is an