Central Depository AD (CDAD)
LEI 74780000G07H7WL0WI31, SWIFT CEDPBGSFXXX

Central Depository AD (CDAD) was established as a joint-stock company on the 13th of August 1997, under the terms of Art. 91 of the Securities, Stock Exchanges and Investment Intermediaries Law (SSEIIL). CDAD Shareholders are the major Bulgarian commercial banks that play an active role in the securities market. FSC Financial Supervision Commission, BNB and MF directly control CDAD’s operations. The ordinance clearly lays out the services offered by CDAD as well as the manner of reporting and the form of control those institutions have over CDAD’s operations. A five-member Board of Directors is the operational body which implements the management control over CDAD. The Board of Directors appoints one of its members as a Chief Executive Officer who leads and manages the daily activities and reports to the rest of the Board members at least once a month.