Changes in Settlement Instructions for Central Depository AD postponed to 5 April 2021

UniCredit Bulbank AD
The Central Depository AD (CDAD) has announced some postponements of the implementation of changes in the settlement instruction formatting requirements, together with additional changes.
Tue, 02/03/2021

Following our Newsflash dated 2 February 2021, the CSD has now provided a new updated Operational Instructions Handbook according to which the entry into force of the changes in settlement instructions will be postponed from 1 March 2021 to 5 April 2021. CDAD has also introduced some new requirements coming into force as of 5 April 2021 - these are currently under analysis by UniCredit Bulbank and the relevant details will be shared with the clients as soon as feasible in case any client impact is foreseen.

Impact on investors: As of 5 April 2021 clients should send settlement instructions for transactions settled with CDAD in accordance with the CSD’s requirements. Please refer to the Newsflash as of 2 February ( here ) for the already known requirements, should there be additional changes we will inform you accordingly.