The Bulgarian Central Depository AD has amended its Fee Schedule

The Central Depository AD (“CDAD”) has published an updated Fee Schedule, following an alignment with the CSD’s User Committee which is comprised of various market stakeholders, including the Association of Banks in Bulgaria. As of 1 February 2024 the majority of CDAD fees will therefore be 10% higher, except for settlement-related fees for which the increase will be in force as of 1 March 2024.

The Central Depository AD has justified the increase by rising inflation in the past few years. The CDAD has also proposed an automated inflation-driven mechanism for fee increases which has not been accepted by the CDAD’s User Committee.

Impact on investors: For information purposes.