Tax Services are a crucial part of Euronext Securities’ offering, helping clients navigate complex regulations and optimise their operations. We sat down with Stef Lambersy, CEO of Acupay and Head of CSD Tax Services, to discuss the challenges and opportunities in this field, and how his team is making a difference for clients.
Stef, can you tell us about your role as Head of CSD Tax Services and what excites you most about working in this area?
As Head of CSD Tax Services, my role is to ensure our clients receive the highest standard of support in navigating the complex world of tax regulation. What excites me most is the opportunity to make a real difference for our clients by simplifying processes that are often seen as daunting or burdensome. Every day brings a new challenge, and I am energised by the chance to work with a talented team that is passionate about delivering innovative solutions.
Stef recently joined Euronext Securities through the partnership with Acupay and BondCom, which has strengthened the tax service offering and expanded the team’s expertise. This collaboration is designed to deliver unparallelled support to clients, especially in the fast-changing world of tax processing.
Why are tax services so important for Euronext Securities’ clients, and what are the main challenges they face?
Tax services are essential because they help our clients remain compliant with ever-changing regulations, while also optimising their operations and reducing risk. The main challenges clients face are the sheer complexity of tax rules across different jurisdictions and the pace at which these rules evolve. Our job is to help clients stay ahead of these changes, so they can focus on their core business with confidence.
Tax regulations are constantly evolving, and clients often struggle to keep pace with the changes. Stef explains that his team’s role is to simplify the process, ensuring clients remain compliant while maximising efficiency. Euronext’s acquisition of Acupay and BondCom has enabled Euronext Securities to offer a broader range of services, including faster and enhanced tax relief solutions.
How does your team collaborate with clients to help them navigate complex tax regulations?
We see ourselves as partners, not just service providers. Our approach is to listen carefully to our clients’ needs and tailor our solutions to their unique circumstances. For example, with Nordea Norway, we delivered seamless ASK tax reporting by working closely with their team, understanding their requirements, and ensuring the process was as efficient and straightforward as possible. This kind of collaboration is at the heart of everything we do.
Read the case: Supporting Nordea Norway with seamless ASK tax reporting
Could you share a practical example of how Euronext Securities’ tax services have made a difference for a client?
A recent example is our work with Nordea Norway, where we supported them with ASK tax reporting. By providing a tailored, end-to-end solution, we helped them overcome complex reporting requirements, saving time and reducing the risk of errors. This not only delivered tangible benefits for Nordea but also gave them peace of mind knowing they were fully compliant.
Real-life examples bring the impact of tax services to life. Stef shares a story where his team helped a client overcome a challenging cross-border tax issue, resulting in significant savings and peace of mind. The Nordea Norway case is a clear illustration of how tailored solutions can simplify complex reporting requirements and deliver tangible benefits.
What trends or changes do you see shaping tax services in the coming years?
Technology and automation are rapidly transforming tax services, making processes faster, more accurate and more transparent. At the same time, regulatory requirements are becoming more complex, which means clients need proactive, forward-looking solutions. Our recent enhancements to tax relief services reflect this shift, enabling clients to access benefits more quickly and reliably.
Stef notes that technology and automation are transforming the industry, making processes faster and more transparent. He also points to increasing regulatory complexity and the need for proactive solutions. The recent enhancements to Euronext Securities’ tax relief services reflect this shift, offering clients quicker and more reliable access to tax benefits.
What advice would you give to clients looking to optimise their tax processes?
My advice is to engage early and make use of the expertise available to you. Tax is not just a compliance issue - it is an opportunity to add value to your organisation. By working closely with specialists and staying informed about regulatory changes, clients can turn tax challenges into strategic advantages.
Enhancing tax reporting for certificates and covered warrants in Italy
Euronext Securities Milan offers a comprehensive lifecycle management solution for issuers of certificates and covered warrants, streamlining asset creation, corporate actions, refund services and US tax reporting. The platform is designed to enhance efficiency, reduce operational risks and accelerate time-to-market, enabling issuers to submit requests via their preferred trading venues and eliminating redundant registration processes.
A key feature is the fiscal reporting service for US-underlying assets. As a Qualified Intermediary under US tax regulations, Euronext Securities Milan manages tax reporting obligations related to Section 871(m), FATCA and other requirements. This ensures transparent roles and responsibilities for issuers, accurate payments and full compliance with US tax obligations.
With automated processes, prompt payments and efficient handling of reversals, Euronext Securities Milan supports issuers in meeting their tax obligations and maintaining confidence in the market.
Did you know?Enhancing tax reporting for certificates and covered warrants in ItalyEuronext Securities Milan offers a comprehensive lifecycle management solution for issuers of certificates and covered warrants, streamlining asset creation, corporate actions, refund services and US tax reporting. The platform is designed to enhance efficiency, reduce operational risks and accelerate time-to-market, enabling issuers to submit requests via their preferred trading venues and eliminating redundant registration processes. 
A key feature is the fiscal reporting service for US-underlying assets. As a Qualified Intermediary under US tax regulations, Euronext Securities Milan manages tax reporting obligations related to Section 871(m), FATCA and other requirements. This ensures transparent roles and responsibilities for issuers, accurate payments and full compliance with US tax obligations. With automated processes, prompt payments and efficient handling of reversals, Euronext Securities Milan supports issuers in meeting their tax obligations and maintaining confidence in the market. Download the issuer services certificates & covered warrants |
Looking ahead
As Head of CSD Tax Services, Stef Lambersy is committed to helping clients unlock value and navigate the complexities of tax. His team’s focus on collaboration, innovation, and practical solutions ensures Euronext Securities remains a trusted partner in this vital area.