EU standards for corporate actions proccessing

UniCredit Bank S.A.
Wed, 01/03/2017

Depozitarul Central completes the implementation of EU standards for corporate actions processing


The Romanian Central Depository (Depozitarul Central) has announced the approval of its rulebook amendments regarding corporate actions standardisation and will provide issuers and participants with a new application for transmitting information regarding corporate action events of securities for which Depozitarul Central acts as the issuer CSD.

Through this new application, the issuers will transmit corporate action details in a standardised electronic format. Depozitarul Central’s participants will receive that information in the same format and will be able to instruct on behalf of their clients for the corporate actions with options. The application can also be accessed by participants via the SWIFT network and by the issuers via the internet using a digital certificate issued by any digital certification service provider recognised in Romania.

According to the Depozitarul Central, the corporate actions processing based on European standards improves the relationship between issuers and their shareholders, thus increasing the efficiency of their communication and processing.

The important changes to the Depozitarul Central system should align with the provisions of the regulatory framework for corporate actions, which came into effect on 1 February 2017.

The alignment of the Romanian practices with European standards is supposed to increase the attractiveness of the local capital market, both for foreign investors familiar with these practices in their countries of origin and for the Romanian investors, by using the same mechanism and predictable information.   


Irina Savastre
Head of Global Securities Services Romania