Profile of CDCP SR, a.s.
The Central Securities Depository of the Slovak Republic ('CDCP' or 'central depository' hereinafter) was founded on 19 March 2004 via transformation of its predecessor, the Securities Centre of the Slovak Republic ('SC' hereinafter). The SC itself was founded on 22 December 1992 in connection with the first wave of the voucher privatisation. Effective from 16 March 2006, Bratislava Stock Exchange ('BSSE' hereinafter) has become a 100-percent shareholder of the CDCP, as a result of deposit of a state property interest in the CDCP business into the Stock Exchange’s registered capital. The ultimate objective of this transformation is the privatisation of the BSSE – CDCP group.
The CDCP is a joint-stock company that operates on the basis of a licence granted by the National Bank of Slovakia or, respectively, its predecessor – the Financial Market Authority. The central depository’s scope of activity includes primarily the following:
The supreme body of the CDCP is its General Meeting. The Executive Board is the statutory body and the Supervisory Board is the supervisory body of the CDCP. The Committee for Services acts as an advisory body of the Executive Board.
The central depository’s activity is based upon a membership principle. The CDCP membership is open to banks, securities dealers, foreign securities dealers, other central depositories/foreign central depositories and the National Bank of Slovakia. As of the end of the year 2006, the central depository had 21 members (including 13 banks, 6 securities dealers, 1 foreign central depository and the National Bank of Slovakia). In case of a bank and a securities dealer, a precondition of membership is the licence to provide investment services, where the bank and the securities dealer must be authorised to provide the main investment services. In the provision of such services, they must be authorised to handle the client’s financial means or investment instruments. Both the bank and the securities dealer must be granted a prior consent to perform the activities of a member by the National Bank of Slovakia. The central depository will decide on an application for membership within 60 days from the delivery of application. List of members of CDCP.
A member performs the activities of a central depository member via professionally competent persons who have obtained the CDCP’s certificate of competency after successfully completed training course organised by the CDCP. The members utilise the central depository’s technical facilities to keep accounts and to perform other activities associated with the securities registration and with the clearing and settlement of transactions. A member is required to pay a one-off membership fee, and to continuously pay the monthly fee in compliance with the Scale of Fees of the CDCP.
For more information on membership, please send a request to e-mail address email@example.com.
Information on Operations of CDCP