Central Depository & Clearing Company Inc. (SKDD) advised market participants that Croatian Financial Services Supervisory Agency (HANFA) approved the amendments to SKDD Rules and Procedures on its session held on 17 September 2020.
Amendments to SKDD Rules and Procedures have been proposed to enable the provision to keep the registrar of units in line with local UCITS regulations. This new service will become effective on 1 October 2020.
Besides the above, HANFA also approved SKDD’s request to extend its license related to the duties of keeping the central register of financial instruments and managing the clearing and settlement system with respect to units in local UCITS.
Impact on investors: SKDD to offer new services in respect of UCITS as of 1 October 2020.