Oversight of the VP settlement system is based on the CPMI-IOSCO principles for Financial Market Infrastructures and takes place in accordance with Danmarks Nationalbank's Policy for Oversight of the Danish Financial Infrastructure.
VP Securities is the central securities depository for all Danish listed securities and certain other securities. Oversight of the VP settlement system is primarily aimed at VP activities connected with the clearing, settlement and registration of securities. The most recent Assessment of VP against the international principles was published in March 2016.
Regulation of Central Security Depositories
In EU central security depositories (CSDs) are regulated in accordance with EU central security depositories regulation (CSDR). VP Securities applied for a license under CSDR in May 2017. As one of the first CSDs in EU VP Securities was granted its CSDR license with effect from January 2018.
The activities in relation to current oversight of the VP settlement system are described in the annual oversight publication, Oversight of the Financial Infrastructure in Denmark. Until and including 2010, Danmarks Nationalbank provided an account of its oversight in its Financial stability publication.