The National Depository of Securities (NDS) in Poland has published a strategy document outlining its ambitions for the next five years.
The CSD says it is aiming to turn its participants – essentially, broker-dealers and banks – into shareholders. At present, NDS is owned in equal parts by the National Bank of Poland, the Warsaw Stock Exchange and the State Treasury. However, NDS says it will remain a not-for-profit organisation.
The CSD is also planning to bring its regulations, operating procedures and communications standards into line with those of other CSDs in Europe.