VP is subject to supervision in accordance with both the European Regulation on central securities depositories and the Danish Act on Capital Markets.
Supervision
Supervision
VP is licensed by the Danish Financial Supervisory Authority and is subject to supervision in accordance with both the European Regulation on central securities depositories and the Danish Act on Capital Markets.
The Danish Financial Supervisory Authority regularly conducts inspections of VP.
Below you can find statements and supervisory reactions towards VP from the Danish Financial Supervisory Authority and any comments we may have published in that regard.
As a central securities depository we are considered systemically important for a well-functioning financial system. As such, we are subject to oversight by the Danish Central Bank and the Danish Financial Supervisory Authority.
You can read the overall assessment and conclusion on VP from the overseers on the Danish Central Banks website.
In June 2018, the Danish FSA visited VP Securities A/S on an inspection with focus on cyber security
Visit by the Danish FSA
In June 2018, the Danish FSA visited VP Securities A/S on an inspection with focus on cyber security. The inspection was a functional study conducted as part of the ongoing supervision of VP Securities. It is the Danish Financial Supervisory Authority's overall assessment that VP Securities focuses sufficiently on risk, including cyber risk.
CPMI-IOSCO report
Link
The Danish Central Bank and the Danish Financial Supervisory Authority base their oversight and assessment of VP on 24 principles from CPMI-IOSCO, which is the global cooperation between central banks and the International Organization of Securities Commissions.
Assessment
Link
The Danish Central Bank and the Danish Financial Supervisory Authority, have conducted a joint assessment of VP Securities A/S against the CPMI-IOSCO principles for Financial Market Infrastructures.