Oversight of the ES-CPH 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.
Euronext Securities Copenhagen is the central securities depository for all Danish listed securities and certain other securities. Oversight of the ES-CPH settlement system is primarily aimed at Euronext Securities Copenhagen activities connected with the clearing, settlement and registration of securities. The most recent assessment of VP against the international principles was published in April 2016. In July 2020, the Danish Financial Supervisory Authority approved Euronext Group’s acquisition of VP, which now is called Euronext Securities Copenhagen.
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 ES-CPH settlement system are described in the annual oversight report, Oversight of the Financial Infrastructure.