Regulation

VP is subject to the Danish Act on Capital Markets and holds a licence as a Central Securities Depository under an European regulatioon.

VP holds a licence as a Central Securities Depository (CSD) under the European Regulation on improving securities settlement in the European Union and on central securities depositories (CSDR).

CSDR regulates the legal aspects of securities settlement and harmonises the requirements and supervision of all CSDs in Europe.

As one of the first CSDs in Europe, we received our licence from the Danish Financial Supervisory Authority (Finanstilsynet) with effect from 3 January 2018. With the licence VP obtained an European passport enabling us to provide services across the European Union.

Beside CSDR VP is subject to the Danish Act on Capital Markets, including relevant executive orders.

The Act on Capital Markets regulates among other things the Danish decentralised structure with Securities Account Controllers, netting, financial collateral and registration of rights.

VP and CSDR

  • VP obtained CSDR licence on 3 January 2018
  • VP is among the very first CSDs in the EU to be re-authorised under CSDR
Link

European regulation on CSDs 

Click here to see the overview

Link  

Danish regulation on CSDs 

Click here to see the Danish regulation

Read more

Insolvency

VP must publicly disclose the rules and relevant procedures we have defined to manage a participant’s default.

Insolvency

Legal & Regulations

VP

+45 5388 8888

VP is subject to supervision in accordance with both the European Regulation on central securities depositories and the Danish Act on Capital Markets.

- Legal & Regulations, VP