UniCredit Bank S.A.
Summary:
Amendments to the Central Depository Code were approved by the National Securities Commission on 18.04.2013.
Tue, 23/04/2013
The National Securities Commission on 18 April 2013 approved the amendments (Decision No. 349) to the Central Depository Code that will enter into force on 7 May 2013.
The major amendments relate to OTC turnaround trades and mainly refer to:
- Bucharest Stock Exchange trades and corresponding OTC turnaround trades are to be executed in chronological order;
- The price variation of 2% for the transaction price of trades executed outside the trading system has been eliminated.
Other amendments refer to provisions of the CSD Code of Rules that have been updated in order to be more compatible with Romanian legislation and EU regulations.
Impact on investors: New CSD Code of Rules' provisions enter into force on 7 May 2013.