UniCredit Bulbank AD
Summary:
CSDR-related amendments to Ordinance No. 31 have been approved by the Bulgarian National Bank (BNB) and are pending promulgation.
Fri, 18/03/2022
The Bulgarian National Bank has officially announced the approval by the Management Board of the CSDR-related amendments to Ordinance No. 31 of 4 October 2007 on Government Securities Settlement (Ordinance No. 31). BNB has further informed participants in ESROT (The Electronic System for Registration and Servicing of Trades in Government Securities) that the new CSDR system functionalities related to the settlement discipline will be implemented in Production environment upon the promulgation of the updated Ordinance No. 31 in the State Gazette.
Impact on investors: BNB to implement CSDR functionalities related to settlement discipline upon promulgation of the relevant legislative changes.