Postal address | 17/8 Nizhniy Val St., Kiev 04071, Ukraine |
Tel. | +38 (044) 591-04-00 |
Fax | +38 (044) 482-52-01 |
info@csd.ua | |
Web-site | http://www.csd.ua |
Foundation date 17 May 1999
On December 18, 1998, the Securities and Stock Market State Commission and the National Bank of Ukraine signed an Agreement on Establishing the National Depository of Ukraine. Registration with the State took place on May 17, 1999.
National Depository of Ukraine was established in accordance with the Law of Ukraine ‘On National Depositary System and Peculiarities of Electronic Circulation of Securities in Ukraine’ to ensure functioning of a single depositary record-keeping system.
By October 12, 2013, National Depository of Ukraine had exercised professional activity on the stock market on the grounds of licenses issued by the Securities and Stock Market State Commission — a ten-year valid license for exercising depositary activity of a securities depository and a ten-year valid license for exercising clearing and settlement activity.
On October 12, 2013, the Law of Ukraine ‘On Depositary System of Ukraine’ came into force (hereinafter - the Law).
According to Article 9, part 2 of the Law, CSD is a legal entity which operates in the form of a public joint-stock company under the Law of Ukraine ‘On Joint-Stock Companies’ with consideration of peculiarities set by the Law. Once CSD GTC are registered by the National Securities and Stock Market Commission in keeping with the stipulated procedure, a joint-stock company is deemed to have obtained a CSD status.
On October 1, 2013, the National Securities and Stock Market Commission registered CSD GTC submitted by NDU (Commission’s Resolution No. 2092 as of 01.10.2013).
СSD provides for the securities depositary record-keeping system setting-up and functioning.
CSD keeps depositary records of all eligible securities, except for those, records of which are kept by the National Bank of Ukraine within the terms of reference defined by the Law.
Mindaugas Bakas
NDU Chief Executive Officer
During 1997-2001 Mindaugas Bakas headed the Custody Unit in the Lithuanian "SEB bankas". From 2001 till 2007 he headed the identical Unit in AB "Swedbank". From February, 2007, Mr. Bakas had led the Market Development Department of AB Nasdaq OMX Vilnius for 5 years.
From January, 2012, till March, 2016, Mindaugas Bakas took a position of a President & Chairman of the Management Board of AB Central Securities Depository of Lithuania.
CSD’s exclusive terms of reference are as follows: