OeKB CSD was granted the licence as CSD and the licence for the provision of banking-type ancillary services according to EU Regulation ((EU) No. 909/2014 (("CSDR")) on 01.08.2018 by the Financial Market Authority (FMA).
All requirements for CSD services still met
The licence confirms compliance with the comprehensive regulatory requirements governing the organisation of CSDs in the EU and is a prerequisite for OeKB CSD to continue providing its core services to the Austrian capital market.
“The objective of the CSDR is to standardise diverse requirements for CSDs in Europe and to create equal conditions for the entire financial sector. The granted licence confirms our excellent performance in our core business and that we are a reliable partner for our clients in the capital market,” says Georg Zinner, Managing Director of OeKB CSD.
“We hold about 15,000 securities of Austrian issuers worth 600 billion Euros for Austrian and international banks whose securities transactions we settle. The granted licence is another step in OeKB CSD’s approach to ensure a safe and efficient access for issuers and investors to the Austrian capital market,” says Peter Felsinger, Managing Director of OeKB CSD.