Regulation

Legal and regulatory framework

LuxCSD was incorporated as a legal entity jointly owned by the BcL and Clearstream International - (50/50 % ownership).

LuxCSD has outsourced its operations to Clearstream. Clearstream is providing the securities side of the services using the internationally competitive facilities it has built for its current ICSD services. The cash side, processed in T2, is accessed via the BcL allowing customers to use central bank money accounts held at any central bank of the Eurosystem.

Regulation

LuxCSD is regulated by the Commission de Surveillance du Secteur Financier (CSSF) as a professional custodian of financial instruments, 'Professionnel du Secteur Financier' (PSF), and has been granted the status as Securities Settlement System (SSS).

LuxCSD has also been endorsed by the Regulatory Oversight Committee (ROC) so that the codes (LEI) it issues can be used for reporting and other regulatory purposes.

LuxCSD's legal framework is based on its General Terms and Conditions and additional governing documents.