Poland CSD Looking To Sell Itself To Its Users

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,

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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.

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