Become a Client

How to become a client

If you are considering listing your company on the stock exchange, it is a prerequisite that you affiliate with Euroclear Sweden.

In practice, becoming a client of Euroclear Sweden means transferring responsibility for your share register over to us. In connection with the affiliation, your business goes from being a limited company to what is known as a CSD-registered company and receives an ISIN code for its shares.

Becoming a CSD-registered company

When we take over the management of your share register from your company’s board, we do so in accordance with a number of provisions set out in the Swedish Companies Act. In practice, this means that the company’s shares and their owners are registered in our securities system. Having your share register with Euroclear Sweden provides credibility and security for the management of the company’s shares, both for regulated marketplaces (exchanges) and for investors.

We are with you all through the process.

 

Follow these steps to register your company and its shares with Euroclear Sweden:

1. Reconciliation clause in the articles of association

In order to register your company’s shares with Euroclear Sweden, you will need to add a record day provision to your articles of association.

One prerequisite to register your shares and affiliate your company with us is that you first need to take the decision to add a record day provision to your articles of association. In order to do this, you will need to convene a general meeting to decide on the change. An application then needs to be submitted to the Swedish Companies Registration Office.

2. Engage an Issuer agent

It is a prerequisite to engage an Issuer agent to be able to connect the company to Euroclear Sweden. An issuing agent is a bank or a securities broker.

There are approximately 25 Issuer agents in Sweden; you choose from the list of Issuer agents which one you want to engage. The issuing agent checks that your company’s current share register is in order and that any share certificates are canceled.

The issuing agent also ensures that over 90% of the shares can be registered in the owners’ accounts at the end of the connection process.

The document below contains more information about the company’s preparations for the connection.

 

3. Submit the application

It can take up to a month after you have submitted the connection documents for the company to be connected to us. It can go faster if all registrations with the Swedish Companies Registration Office (Bolagsverket) are completed.

All the documents you need to send to us can be found on the Forms and documents page.

(You can also find a link to the page under Related Content, further down on this page.)

4. When the company is connected to Euroclear Sweden

Once your application has been approved, Euroclear Sweden will take over the management of your share register.

Your business will officially become a VPC-registered company on the day we execute the initial issue – i.e. transfer all shares to the company’s issuer agent for further book entry into the shareholder accounts.

Euroclear Sweden's Rule sets


Related Content

Forms and documents

Forms and documents relevant in order to affiliate a limited company or other types of issuers of financial instruments.
Read more