SKDD’s application for CSD authorization incomplete

Croatia
Zagrebacka Banka d.d.
Summary: 
HANFA determined SKDD’s request for CSD authorization is incomplete.
Mon, 27/11/2017

As confirmed on its website, the Central Depository & Clearing Company Inc. (SKDD) notified the general public that the formal request for obtaining authorization as a central depository, in line with provisions of CSDR, has been evaluated by the Croatian Financial Services Supervisory Agency (HANFA). In its conclusion dated as of 13 November 2017, HANFA stated SKDD’s request was incomplete, in terms of provisions of Article 17, paragraph 3 of CSDR, mainly related to appropriate organizational requirements. 

In order to comply with the requirements stated in conclusion, HANFA granted SKDD an additional period of six months to comply with the requirements.
Impact on investors: SKDD has been granted an additional six months to comply with CSD licencing requirements, as stipulated by CSDR.

 

Impact on investors: SKDD has been granted an additional six months to comply with CSD licencing requirements, as stipulated by CSDR.