Financial News: LSE's CSD expects regulatory approval by Christmas

The London Stock Exchange Group expects to receive final regulatory approval for its Luxembourg-based central securities depository by Christmas, ahead of new European regulations promoting the use of the post-trade facilities.

The LSE’s CSD, which has been named globeSettle, has received regulatory approval to operate as a Professional of the Luxembourg Financial Sector, and concluded discussions with the Banque Centrale de Luxembourg on its application as a securities settlement system in October.

The full article is available here.

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