EU Central Securities Depositories Regulation (CSDR)


Following the 2008 financial crisis, the European Commission decided that national Central Securities Depositories (CSDs), in their position as key institutions performing the vital post-trade process of securities settlement, as well as maintaining records of securities accounts and transactions, needed to harmonise their practices and improve the safety and efficiency of transaction settlement.

We have set out links in our Account Segregation page to notices addressed to the clients of HSBC Bank plc. The purpose of the notices is for HSBC Bank plc to comply with Article 38 of European Union Regulation No 909/2014 (Central Securities Depositories Regulation, or CSDR), by offering to our clients within the scope of Article 38 the choice of omnibus or individual segregated accounts at the relevant CSD, and to publicly set out the protection and costs associated with each type of account.

As a participant in a European Economic Area (EEA) CSD, we are required to, under Article 38(6) CSDR, publicly disclose the levels of protection and costs associated with the different levels of segregation in respect of securities that we hold directly for clients with CSDs within the EEA.


Last updated: November 2019