The Central Counterparty, via which derivatives will be launched on the Bucharest Stock Exchange, a project launched six years ago, is subject to a revised timetable for operational milestones.
Another point on the agenda is the authorization of the Board of Governors to participate, in the name of the Bucharest Stock Exchange, as shareholder of CCP.RO Bucharest S.A., up to a maximum value of EUR3 million, in any operation/operations of increasing the share capital of CCP.RO Bucharest S.A., as presented in the business plan of CCP.RO Bucharest S.A., updated.
The authorization of the Board of Governors is granted for a period of 24 months from the date of adoption of the resolution by the Extraordinary General Meeting of Shareholders of BVB.
ASF had a meeting with CCP shareholders on July 15, 2024 to discuss the project implementation stages.
The conclusion of the meeting was that it is essential to optimize and improve the steps that the shareholders, together with the executive management of CCP.RO, must undertake to complete the necessary documents in order to comply with the legal deadlines required for authorisation as a central counterparty.
Therefore, the shareholders and the management of CCP.RO have agreed to revise the timetable for the operational milestones in order to make significant progress in the project’s development towards the strategic objective of licensing a national central counterparty.
(English version by Catalina Apostoiu)