Steps Leading to Book-Entry Registration
Information for issuers interested in registering securities in book-entry form with the Central Securities Depository (CDCP), or wishing to register in the DLT register, or undergoing the process of converting physical securities into book-entry securities. The registration process is carried out exclusively electronically. Documents can be signed using an electronic signature (qualified certificate) or Bank iD SIGN.
1) Assignment of an LEI Code
2) To complete the issuer due diligence questionnaire under the AML Act, you will need:
- LEI number
- Extract from the Commercial Register or a power of attorney if represented
- For identification of a person acting on behalf of the issuer using two identity documents, proof of payment of the fee must be attached. Identification via Bank ID, commercial certificate, or PX key is free of charge
- Information on the company’s ownership structure
- These details, except for the ownership structure, are also required for simplified identification of persons acting on behalf of the issuer (issuer or administrator not obliged to undergo AML)
- See the AML questionnaire
3) For the allocation of an ISIN (security identification), you will need:
- LEI number
- Information from the Commercial Register
- For shares – the company’s Articles of Association; for investment fund shares and unit certificates – the fund statute (full text)
- For bonds, certificates, and warrants – full version of the issuance terms
4) Conclusion of the issue records agreement and the Amendment On The Registration Of New Issues:
- The agreement includes a list of subscribers, which the issuer submits electronically via the My Depository application
- Shareholders whose issue is registered in the CDCP central register will be given their asset account number by the CDCP participant. The asset account number consists of: the participant’s code in CDCP, the customer account number, and, if applicable, the participant’s identifier in CDCP if the asset account is maintained in a linked register
- See the Issue Records Agreement and the Amendment On The Registration Of New Issues for Shares / Bonds
- For shareholders whose issue is registered in the DLT register:
- Shareholders’ asset accounts in the DLT register are not maintained under CDCP participants
- The shareholder’s asset account number, which they provide to the issuer for subscription, is available in the DLT Evidence application settings
- See the Issue Records Agreement for the DLT Register and the Amendment On The Registration Of New Issues in the DLT Register for Shares / Bonds
Issuer Fees:
- One-off fee for LEI allocation / Annual fee for LEI renewal / One-off fee for ISIN allocation / One-off fee for recording the issue
- The fee for maintaining the issue register can be calculated using the Fee Calculator (to calculate fees, you must provide the total nominal value of the issue and the number of accounts on which the issue will be registered)
- Full CDCP Price List
For any questions, please contact us at: mujdepozitar@pse.cz
Information for Issuers and Administrators
Every issuer must conclude an agreement with the Central Depository to maintain the issue register. Before concluding the agreement, the issuer must complete the AML questionnaire, identifying persons acting on behalf of the issuer. If the issuer is not required to undergo standard AML identification, a so-called simplified identification of persons acting on behalf of the issuer is carried out. All contractual documentation intended for issuers and administrators can be found after logging into the My Depository application.
Process of converting physical securities into book-entry form:
- Resolution of the general meeting on the conversion of securities
- Publication of the resolution in the Commercial Bulletin and on the company’s website
- Setting deadlines for shareholders to submit physical shares to the issuer
- Opening shareholders’ asset accounts in the central register of book-entry securities via CDCP participants or in the DLT register
- Conclusion of an agreement with CDCP
The process is governed by § 529 et seq. of Act No. 89/2012 Coll., the Civil Code.
Negotiations with CDCP are initiated by the issuer based on:
- registration of the resolution in the Commercial Register, or
- notarial record of the general meeting
The dematerialisation process and services related to maintaining the issue register can be found in the handbook for issuers and issue administrators.
Additional CDCP Services:
- Option of free publication of information (e.g., about general meetings, bondholders’ meetings, amount of distributed yields, interest rates on bonds)
- Fee calculator for estimating the costs of issuing, maintaining, and amending securities