How to become an Account Operator

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Euronext VPS (VPS) delivers its services through account operators that act as an intermediary between VPS and the investor (account operator for the investor), or between VPS and the issuer (account operator for the issuer).

An account operator is a bank, fund manager, broker dealer or other type of investment firm. The account operator for the investor manages the VPS accounts on behalf of VPS, whereas the account operator for the issuer ensures correct registration of the issuer’s shares, bonds or other financial instruments in VPS. An entity that wishes to become an account operator for VPS must enter into an account operator agreement with VPS.

To become an Account Operator an application has to be submitted.

The minimum requirements with respect to the application is what type of authorization is sought (Account Operator for Investor, Account Operator for Issuer or Account Operator for Funds), which technical systems to be used, including safety description of the systems in addition to a list of employees who will perform account operations.

Further, VPS would like to receive an overview of the experience and expertise acquired by the company within securities registration and the operation of VPS’ IT solutions.
The following documents must be submitted together with the application:

  • Articles of Association
  • Copy of the pertinent licence
  • Certificate of Registration
  • Signature List
  • Certified copy of ID
  • The company’s KYC and AML procedures

For more information or to submit your application, please contact us.