20 January, 2006 - Central Registry of Securities, JSC, Banja Luka, became a member of ECSDA - European Central Securities Depositories Association.
The membership in ECSDA - European Central Securities Depositories Association, which was CEECSDA in the past, meant for the Central Registry international recognition and verification of the existence of this sort of institution in the Republic of Srpska/Bosnia and Herzegovina. This confirms that the Central Registry was established and that it operates on the basis of the laws of a country in which the capital markets function, at that it abides by all international standards and principles related to this area.
The membership in ECSDA and the results accomplished during first five years of operation of the Central Registry are only one of the arguments for safety of the investments in domestic capital markets that the members of the Central Registry, participants in capital markets as well as foreign investors can rely on.
ECSDA and CEECSDA have united as partners in a new enlarged organization
As announced at SIBOS conference in September 2005, the General Assembly of ECSDA, held on 20 January 2006, officially approved the membership of 20 CEECSDA members, and thus, implementing a decision made by these two Associations (ECSDA - European Central Securities Depositories Association and CEECSDA - Central and Eastern European Central Securities Depositories) to join forces toward accomplishing the common goal: provide counsel at the international level on technical, economic, financial, legal and regulatory matters and reduce the risk and arrangements related to settlement processes and other related payments in the area of Europe, all for the benefit of issuers, investors and market participants.
In this way, with its 39 members, the new ECSDA will from now on be able to have broader scope of discussion thus providing much bigger support to European bodies. ECSDA will provide information about its members and especially help its participants in consultations and in terms of defining common positions if necessary.
Clarification
ECSDA was founded in November 1997 as Association of European Central Securities Depositories (CSD). The main goal of ECSDA is to promote harmonization of market practice in Europe in order to support creation of a single European capital market. ECSDA provides solutions and advice on economic, financial, legal and regulatory issues in order to reduce risk and increase efficiency in custody, pre-settlement and settlement operations for securities and related payments across Europe. ECSDA especially promotes process flow that ensures the highest efficiency with low risk, equalized market for all providers of services, common standards to remove barriers to cross border settlement as well as sharing of information on legal, tax-related, regulatory frameworks and market practices with a view to improve harmonization and international cooperation.
ECSDA was founded in November 1997 as Association of European Central Securities Depositories (CSD). The main goal of ECSDA is to promote harmonization of market practice in Europe in order to support creation of a single European capital market. ECSDA provides solutions and advice on economic, financial, legal and regulatory issues in order to reduce risk and increase efficiency in custody, pre-settlement and settlement operations for securities and related payments across Europe. ECSDA especially promotes process flow that ensures the highest efficiency with low risk, equalized market for all providers of services, common standards to remove barriers to cross border settlement as well as sharing of information on legal, tax-related, regulatory frameworks and market practices with a view to improve harmonization and international cooperation.
03 June 2002 - Central Registry admitted to membership of CEECSDA
The Central Registry of Securities, JSC, Banja Luka, was admitted to membership of Central and Eastern European Central Securities Depositories and Clearing Houses Association /CEECSDA/.
CEECSDA is an association of registries, depositories and clearing houses of the Central and Western Europe, and its members include the registries and depositories from Bulgaria, Croatia, the Czech Republic, Hungary, Latvia, Lithuania, Poland, Romania, Slovakia and Slovenia.
At the General Meeting of CEECSDA held in Prague on 03 June 2002, a decision was made that the Central Registry of Securities, JSC, Banja Luka be admitted to the membership as an associate member.
The registries from the surrounding countries are also the members of the association, i.e. Central Securities Clearing Corporation Ljubljana and Central Depository Agency Zagreb, and since 03 June 2002, Central Registry of Securities, JSC, Banja Luka, Central Depository Agency of Montenegro and The Registry of Securities of the Federation of Bosnia and Herzegovina.
Visit: www.ecsda.eu
Association of Global Custodians
AGC - Association of Global Custodians is an informal group of 11 custodian banks, which since 2000 implements project to collect information on the depository (Depository Information-Gathering Project - "DIGP").
The project is aimed at collecting basic data and information necessary for risk analysis in accordance with US regulations on investment funds (US investment funds under the US Investment Company Act Rule 17f-7). Based on the collected information and risk analysis, investment funds from the United States may decide to invest in securities that are kept in a foreign depository.
Central register of securities since 2008 took an active participation in the project. The questionnaire with answers is available on the website depository.
Visit: www.theagc.com
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European code of conduct
Central Registry in July 2007, in order to further integration in the European market and the implementation of international principles and standards, which are applied to the capital markets, signed a Code of Conduct ( "European Code of Conduct").
The European Code of Conduct is a joint effort developed by ECSDA, EACH and FESE. All the members of the aforementioned associations share a common intention to achieve greater efficiency as well as the further integration of European capital markets. The aim of the code of conduct is in accordance with the objectives of the European Commission, to allow investors to trade in securities within a consistent, coherent and cost-efficient European framework. All signatories will adhere to codes of conduct as voluntary commitments and to respect certain principles in providing services after trading with securities. In order to implement the Code will allow: price transparency, freedom of choice for those who trade securities and improvement of open and transparent access to services after the trade.
In order to achieve these objectives, it is necessary to allow certain limits: price transparency, freedom of choice for those who trade securities, improvement of open and transparent access to services after the trade, with the aim of achieving greater interoperability.
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Joint FESE, EACH and ECSDA Press Release - Proposal for an EU code of conduct practice for the clearing and settlement of equities
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Pricelist of Services provided by the Central Registry - amandment 1 |
Association of National Numbering Agencies
Central Registry of Securities JSC Banja Luka is an associate member of the Association of National Numbering Agencies(ANNA).
In February 2009, the Central Registry awarded the internationally recognized codes of all previously registered securities.
The contract with the substitute agency "WM Datenservice" Herausgebergemeinschaft- WERTPAPIERMITTEILUNGEN Keppler, Lehman GmbH & Co. was signed 02.12.2008. years.
Visit: ANNA
Central Registry of Securities JSC Banja Luka is an associate member of the Association of National Numbering Agencies(ANNA).
In February 2009, the Central Registry awarded the internationally recognized codes of all previously registered securities.
The contract with the substitute agency "WM Datenservice" Herausgebergemeinschaft- WERTPAPIERMITTEILUNGEN Keppler, Lehman GmbH & Co. was signed 02.12.2008. years.
Visit: ANNA