Ckdd Central Securities Depositary And Clearing Company Of Montenegro Csd&cc - Montenegro

CSD & CC-Montenegro (CKDD) is the sole company that is legally authorized in Montenegro to performs registration and maintenance of dematerialized securities, clearing and settlement of stock-exchange transactions and other activities regarding these dematerialized securities. CKDD was established in under the name CDA as a profit joint stock company. CKDD is regulated and supervised by Capital Market Authority of Montenegro. CKDD operates in accordance with the provisions of the Montenegrin Capital Market Law and other relevant domestic legislation, the rules and regulations of the Capital Market Authority of Montenegro, the CKDD Statute, internal rules and procedures adopted by the Board of Directors, and approved by the Capital Market Authority of Montenegro. All types of securities kept in the CKDD are stored in electronic book-entry. CKDD also acts as the National Numbering Agency, being in charge of assigning ISIN (International Securities Identification Number), CFI (Classification of Financial Instruments) and FISN codes to all securities issued in Montenegro.