Penalties Applicable By Central Depository Are Back Into Force

UniCredit Bank S.A.
Summary: 
The period, for which Central Depository (Depozitarul Central, DC) has suspended penalties, ended.
Tue, 09/12/2014

The suspension of the following penalties by the Central Depository (Depozitarul Central, DC) has ended.

  • The penalties referring to illicit acts related to the participants, who caused the postponing of a settlement (i.e. compensation due to the counterparty, the equivalent of the commission due to the DC representing the replacement cost of a postponed trade etc.) are back into force.
  • The penalty of 500 RON, applicable by DC for late settlement instructions (received in settlement date), is now applicable.

Related Newsflash: Board Decisions of the Central Depository

Impact on investors: The above suspended penalties by DC Board of Decisions are applicable again.