Local CSD (KDD) has provided a new timeline related to the implementation of the SRDII requirements since the amended Companies Act (ZGD-1K), which was published on 9 February 2021 stipulates that the SRDII related provisions are applicable 6 months after the adoption of the Act.
The new timeline is as follows:
- Transition to live environment: planned in August 2021 as part of the regular upgrade of CRVP system.
- Technical documentation: available to the CSD members in June 2021.
- Testingwith members: planned in June/July 2021.
- Draft of the updated legal documents (Rules, Regulations and CSD Tariff): planned to be made available to CSD members in May 2021.
- Workshop for members: will be held on 31 March 2021
Impact on investors: Clients should take note of the additional information from the CSD related to the implementation of SRDII.