Corporate governance

Created for the market by the market, the CLS Group of companies exists to deliver settlement, processing and data solutions to global financial markets.

We are committed to high standards of corporate governance throughout the CLS Group. We have a robust governance structure which, in meeting applicable financial and legal requirements, provides what we consider to be an appropriate level of governance flexibility with high standards of business transparency, accountability and independence.

CLS Group Holdings AG

CLS Group Holdings AG is the parent company of the CLS group of companies. It is incorporated in Switzerland and is regulated by the US Federal Reserve as if it were a bank holding company. It is owned by CLS shareholders and has the following operating subsidiaries, which are listed below.

CLS UK Intermediate
Holdings Ltd.

CLS UK Intermediate Holdings Ltd., is organized under the laws of England and Wales and is located in London, with a representative office in Tokyo and a branch office in Hong Kong. The company acts as the intermediate holding company for CLS group and provides corporate services to the CLS group of companies. It has four wholly owned subsidiaries: CLS Services Ltd., CLS Bank International; CLS US Services Inc.; and CLS Processing Solutions Ltd.

CLS Bank International

CLS Bank International (CLS Bank) is an Edge Act corporation, which is a limited purpose institution regulated by the US Federal Reserve. CLS Bank is located in New York and provides the CLSSettlement service and, to do so, maintains a central bank account for each of the 18 eligible currencies. The Federal Reserve acts as the lead overseer of CLS Bank in a cooperative oversight arrangement with the central banks whose currencies are settled by CLS Bank.

CLS Services Ltd.

CLS Services Ltd., is a company organized under the laws of England and Wales and is located in London. CLS Services provides services or performs certain activities for other entities within CLS Group in accordance with certain inter-affiliate agreements.

CLS US Services

CLS US Services Inc., is incorporated under the laws of the State of Delaware and is located in New York. CLS US Services provides services or performs certain activities for other entities within CLS group in accordance with certain inter-affiliate agreements.

CLS Processing Solutions Ltd.

CLS Processing Solutions Ltd., is organized under the laws of England and Wales and is located in London. CLS Processing: (a) delivers data reporting products (i.e. CLSTradeMonitor, CLSMarketData, and CLSReporting) to participants under various agreements; and (b) operates CLSNet.