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  MEMBERSHIP AT CENTRAL DEPOSITORY AD
MEMBERSHIP AT CENTRAL DEPOSITORY AD
   
  Under the terms of the CDAD Operations Ordinance, the following institutions can be members of CDAD:  
     
 
  • Investment intermediaries (brokers) - banks and non-banks

  • Investment companies

  • Privatization funds

  • The Stock Exchange

  • Foreign depository and clearing institutions

 
     
 
Only the CDAD’s members can directly operate with depository registries in order to serve their clients. Every other type of legal entity (issuer), not mentioned above, can access his list of shareholders only if they have entered into a contractual agreement with CDAD. Physical entities can transfer ownership of shares only through a member of the depository.