We have expanded our Nordic offering by adding Danish krone and now offer a single entry point for same day issuance of Exchange Traded Products in Swedish krona, Euro and Danish krone. Our Nordic offering is available to all clients issuing Exchange Traded Products through our Straight Through Processing solution Plug & Clear.
Our funds offering in Sweden continues to grow as new fund management companies and distributors join the service. Euroclear Sweden has been working for several years to simplify and automate fund transactions together with the market and now sees additional benefits in introducing a central register for Mutual funds.
Euroclear Sweden´s role as Central Securities Depository for the Swedish financial market is to provide a secure, efficient and stable infrastructure. In 2017, Euroclear Sweden submitted an application for re-authorization under a new European legislation, Central Securities Depository Regulation (CSDR), to the Swedish Financial Supervisory Authority (FSA). This application was declared complete by the Swedish FSA 22 May 2019. We now expect to receive our CSDR license before year end.
I wish all our clients and partners a nice and relaxing summer!