According to the Finnish law Laki arvo-osuusjärjestelmästä ja selvitystoiminnasta 348/2017 only Euroclear Finland is allowed to hold Finnish securities for Finns, which means our usual depository (Clearstream) is no longer allowed to handle these securities for you.
Therefore Finnish citizens cannot purchase, hold or transfer Finnish securities to their Trade Republic account.
If you hold Finnish securities in your Trade Republic securities account, you have the following options:
- You can sell the security via your securities account
- You can transfer the position to a custody account at a third-party bank
If you would like to transfer the security to a custody account at a third-party bank, your third-party bank will offer you a corresponding form for the transfer, which you can fill out and submit to us by email.