Three-points-declaration / VP Securities

Three-points-declaration

Requirement of the German FSA BaFin (Bundesanstalt für Finanzdienstleistungsaufsicht.

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To protect investors' assets, the German FSA BaFin (Bundesanstalt für Finanzdienstleistungsaufsicht) has required a Three-Points-Declaration (Drei-Punkte-Erklärung) from depository banks and CSDs (Central Securities Depositories) involved in safe keeping chains comprising German investors' securities.

VP has prepared this Three-Points-declaration (PDF) covering VP accounts (safekeeping accounts) established in VP by account controllers on behalf of investors and thereby forming part of the VP System's decentralized arrangement.

Account controllers in need of a Three-Points-Declaration from VP shall feel free to utilize this declaration as a supplement to the individual account controller's own declaration.