Dematerialisation
This information is intended for all issuers interested in dematerialisation of securities in the Central Securities Depository (CSD Prague), including issuers who are in the process of converting their securities to dematerialised securities.
In the conversion process, the shareholders’ meeting shall make a decision, which must be published in the Commercial Bulletin and on the website of the company; deadlines shall be set for certificated shares to be submitted to the issuer by their owners; shareholders shall open asset accounts in the central register of dematerialised securities through participants in the CSD Prague, and an agreement shall be made with the CSD Prague. The conversion process is governed by Section 529 et seq. of Act No. 89/2012 Coll., the Civil Code.
The issuer shall start negotiations with the CSD Prague on the basis of a notarised report on the shareholders’ meeting in which it is stated that the shareholders’ meeting approved the conversion, or on the basis of the entry of this report in the Commercial Register.
The main steps leading to the registration (dematerialisation) of an issue in the CSD Prague:
LEI code assignment
- Duration: 3 working days from submission of an application and payment pairing*
Completion of the AMLZ issuer control questionnaire
- How to do it: prepare the following information/documents to complete the LEI questionnaire:
- LEI identifier (Issued status)
- Information:
- from the Commercial Register
- the ownership and management structure of the issuer,
- the beneficial owners of the issuer
- on politically exposed persons
- Alternatively, a certified power of attorney with electronic conversion
- List of persons acting on behalf of the issuer
- determination of the authority of persons acting on behalf of the issuer
- determining the authentication method for access to the My Depository portal (can be done later)
- Identification of persons acting on behalf of the issuer can be done in the following ways:
- qualified certificate (e-signature)
- BankID Sign (e-signature)
- BankID AML
- Copies of two identity documents (fee 150,-CZK/person) + Proof of payment from the issuer’s bank account
- The authentication options for accessing My Depository are:
- PX Klíč
- Commercial certificate
- Bank ID
- Name and password (only LEI services are available)
- Duration: 3 working days from submission of an application*
Assignment of ISIN (book-entry security identification code)
- How to do it: you will need the following information:
- LEI number
- Information from the Commercial Register
- In the case of shares: the full text of the company’s articles of association
- In the case of bonds, certificates and warrants: full terms and conditions of issue
- In the case of investment fund shares and units: the statutes of the funds in full
- Duration: 3 working days from submission of an application*
Conclusion of the Issue Recordkeeping Agreement and the Supplement on the registration of a new issue
- Duration: 7 working days from delivery of the application*
Entries in owners’ accounts
a) In the case of a unit-of-account entry: by means of a documentary order delivered to the CSD
b) In the case of multi-account enrolment: via an electronic instruction in the My Depository portal (CSD information system)
- Duration: 2 working days from the date of registration*
Details to be shared by the CSD Prague participant with the shareholder with respect to the entry of dematerialised securities:
- Number of the asset account to which the dematerialised securities are to be credited on the basis of the issuer’s order
- Registration number of the participant in the CSD Prague
- Shareholder’s birth certificate number
- Customer account number and Participant’s Identifier in the CSD Prague if the shareholder’s account was opened by the participant in the CSD Prague in follow-up records to the CSD Prague Central Register
Issuer’s fees:
- One-time fee for the assignment of ISIN
- One-time fee for the entry of issue
- The issue records fee can be calculated in the fee calculator (it is necessary to specify the total nominal value of the issue and the number of accounts in which the issue will be kept for the purposes of the calculation of the fee)
- Full CSD Prague Price List
If you have any questions, please contact us at: emitent@pse.cz
Video tutorials:
Information for Issuers and Administrators
All contractual documentation in the form of electronic agreements and manuals, documents and forms intended for issuers and administrators can be found in the section entitled Agreements, Manuals and Registrations for Issuers and Administrators. Each issuer needs to conclude an agreement with the Central Depository for the purpose of maintaining issue records. You can send the printed and signed agreement to our address.
The Central Depository provides certain services to issuers and administrators free of charge directly on its website in the section entitled Services for Issuers and Administrators.
Issuers and administrators have access to other services in the My Depository application (formerly ISB, login at the top right of this page). The Central Depository provides issuers and administrators with statements from the issue records through the My Depository application or upon the issuers’ request.
Issuers who are interested in the dematerialisation of securities in the Central Depository and who are undergoing the process of converting their securities into dematerialised securities are provided with the information on dematerialisation given above at the top of this page. The dematerialisation process and the services associated with keeping issue records can be found in the guide for issuers and issue administrators (CZ only).
We offer issuers the opportunity, free of charge, to publish information on the website of the Central Depository on shareholders’ meetings, meetings of bondholders, the amount of paid yields, the amount of the set interest rate on bonds and other information (contact details).
Please use the fee calculator to determine the fees for issues and their keeping or for changes in the forms or types of securities.