The present invention relates to a catalyst which comprises a carrier substrate of length L, which extends between a first end face a and a second end face b, and catalytically active material zones A, B and C of different composition, wherein—material zone A comprises palladium or palladium and platinum with a weight ratio of Pd:Pt>1, and cerium oxide, —material zone B comprises platinum or platinum and palladium with a weight ratio of Pt:Pd>1, and cerium oxide and/or cerium/zirconium mixed oxide, and—material zone C comprises platinum or platinum and palladium with a weight ratio of Pt:Pd>1, and a carrier oxide, and wherein—material zone B is arranged above material zone A, and—material zone C is arranged above material zone B, and, starting from the second end face b of the carrier substrate, extends over a length of up to 60% of the length L. The invention also relates to a catalyst arrangement containing said catalyst.