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Art. 10. Documents required from Applicant Members  
     
 
The initial date for managing the accounts of every member shall be specified by a decision of the Board of Directors after submission of the following documents according to the functions performed, namely:

1. For banks, investment intermediaries, respectively for managing companies:

· actual court order for entering the company in the Companies Register or certificate of the actual legal status provided by the Companies Register;

· BULSTAT registration certificate;

· application for membership in the Depository;

· Declaration that the requirements under Art.4, Art. 5 and Art.6 are fulfilled, together with a list of the authorized persons under Art. 6, who shall service the trading in securities, including name, position, qualification, authorizations, address, telephone and fax number;

· declaration for making a deposit to the account of the Guarantee Fund;

· copy of the license issued by the Commission of Financial Supervision, respectively of the permit of the Bulgarian National Bank granting the applicant member right to apply for membership in the Depository, defining its functions;

· declaration for the bank account numbers for operating in the settlement system;

· consent for direct debit pursuant to the effective instructions or procedures of the Central Depository for payments on transactions with dematerialized securities through RINGS;

2. For Stock Exchanges and entities organizing OTC-market for securities:

· actual court order/certificate for entering the company in the Companies Register;

· BULSTAT registration certificate;

· application for membership in the Depository;

· Declarations pursuant to Art.4, Art. 5 and Art.6, together with a list of the member’s employees under Art. 6, who shall service the trading in securities, including name, position, qualification, authorizations, address, telephone and fax number;

· declaration for making a deposit to the account of the Guarantee Fund;

· copy of the license issued by the Commission of Financial Supervision, granting the applicant member right to apply for membership in the Depository, defining its functions;

3. For foreign depository and clearing institutions:

· application for membership in the Depository;

· a document proving the legal status and registration of the entity in the country of registration;

· permit/certificate for operations according to the legislation in the respective country;

· Declaration of making a deposit to the account of the Guarantee Fund.

Documents in foreign language shall be provided together with their legalized translation in Bulgarian language.

4. For investment intermediaries – members of the Depository when extending the scope of their functions by underwriting issues:

· copy of the license issued by the Commission of Financial Supervision, granting the applicant member right to apply for membership in the Depository, defining its functions;

· underwriting agreement with the company issuer;

· agreement with an institution approved by the Depository for keeping a deposit of materialized securities if any;

· Power of attorney for management of the deposit of materialized securities by the Depository, according to the scope of the activities of the Depository.

5. For investment intermediaries – members of the Depository when extending the scope of their functions by financial and non-financial representative functions:

· Representation agreement