Centrálny depozitár cenných papierov SR, a.s. (CDCP) and Národný centrálny depozitár cenných papierov, a.s. (NCDCP) reached an agreement on the transfer of the client assets from NCDCP to CDCP. The conclusion of the agreement represents a further step towards the creation of a single central depository in Slovakia operating in line with the requirements of the European legislation and the international standards. This agreement follows the Memorandum of Understanding and Cooperation that was co-signed in February 2020 by the shareholders, the Bratislava Stock Exchange and the Slovak Guarantee and Development Bank.
According to NCDCP the migration of the assets is planned on 4th quarter 2021. The exact date of the migration shall be advised at least 5 days prior the transfer of the assets.
NCDCP submitted a notice on the intention to waive the authorisation to act as a central depository to the National Bank of Slovakia at the end of 2020.
CDCP already amended its Operational Rules with the provisions related to the transfer of the assets. This amendment will become valid from 16 August 2021.
Press release from the CDCP:
Impact on investors: No direct impact on our clients, since all assets are already held in CDCP.