Resolution Approving Guidelines for Information Provision by Central Securities Depositories and Operators of Securities Settlement Systems to the Bank of Lithuania

BOARD OF THE BANK OF LITHUANIA RESOLUTION ON THE APPROVAL OF THE GUIDELINES FOR THE PROVISION OF INFORMATION BY CENTRAL SECURITIES DEPOSITORIES AND OPERATORS OF SECURITIES SETTLEMENT SYSTEMS TO THE BANK OF LITHUANIA 16 January 2018 No 03-4 Vilnius Acting in accordance with Article 42(3)(1) of the Republic of Lithuania Law on the Bank of Lithuania, Article 91(6) of the Republic of Lithuania Law on Markets in Financial Instruments and Article 6(4) of the Republic of Lithuania Law on Settlement Finality in Payment and Securities Settlement Systems, the Board of the Bank of Lithuania has r e s o l v e d:

1. To approve the Guidelines for the Provision of Information by Central Securities Depositories and Operators of Securities Settlement Systems to the Bank of Lithuania (attached).
2. To authorise the Economics and Financial Stability Service of the Bank of Lithuania to draw up by 31 March 2018 instructions for completing the report form provided in Annex 1 to the Guidelines for the Provision of Information by Central Securities Depositories and Operators of Securities Settlement Systems to the Bank of Lithuania and to amend them if necessary.
3. To repeal Resolution No 03-71 of the Board of the Bank of Lithuania of 8 May 2014 on the approval of the guidelines for the provision of information by the Central Securities Depository of Lithuania to the Bank of Lithuania. Deputy Chair of the Board Deputising for the Chairman of the Board Raimondas Kuodis APPROVED by Resolution No 03-4 of the Board of the Bank of Lithuania of 16 January 2018 GUIDELINES FOR THE PROVISION OF INFORMATION BY CENTRAL SECURITIES DEPOSITORIES AND OPERATORS OF SECURITIES SETTLEMENT SYSTEMS TO THE BANK OF LITHUANIA CHAPTER I GENERAL PROVISIONS
4. The Guidelines for the Provision of Information by Central Securities Depositories and Operators of Securities Settlement Systems to the Bank of Lithuania (hereinafter – the Guidelines) specify the contents, periodicity and provision of information to be submitted to the Bank of Lithuania by central securities depositories, branches of foreign central securities depositories established in the Republic of Lithuania (hereinafter – Central Depository) and operators of securities settlement systems whose participants have chosen to set out their rights and obligations arising from their participation in the system in line with the laws of the Republic of Lithuania (hereinafter – System Operator).
5. Information indicated in the Guidelines shall be submitted to the Bank of Lithuania by electronic means (system for submitting unstructured and partially structured documents to the Bank of Lithuania (AFS)), with the exception of cases when the Bank of Lithuania agrees with the Central Depository or System Operator on other ways to provide information.
6. Terms used in the Guidelines shall be understood as they are defined in the Republic of Lithuania Law on Markets in Financial Instruments and the Republic of Lithuania Law on Settlement Finality in Payment and Securities Settlement Systems. CHAPTER II INFORMATION PROVISION
7. The System Operator must provide information on the operation of the securities settlement system within 10 business days after the end of each quarter. Data and information shall be provided in the Report on the Securities Settlement System (Annex 1 to the Guidelines).
8. The Central Depository must provide monthly information on ISIN codes assigned to securities issued by companies established in the Republic of Lithuania and registered in the Central Depository, as well as issue, assimilation and closing of securities within 10 business days after the end of each month. The Report shall indicate the changes in the issues of companies’ securities (of each company separately) over the reporting month (according to the list provided in Annex 2 to the Guidelines).
9. If the System Operator manages several securities settlement systems, information on each securities settlement system whose participants have chosen to set out their rights and obligations arising from their participation in the system in line with the laws of the Republic of Lithuania shall be provided. CHAPTER ΙΙΙ FINAL PROVISIONS
10. At the request of the Bank of Lithuania, the Central Depository and/or System Operator must also provide other information related to the activities of the Central Depository or account managers which is relevant to implementation of the functions of the Bank of Lithuania.
11. Having examined the information provided by the Central Depository and/or System Operator, the Bank of Lithuania may request additional information and explanations in order to eliminate any deficiencies in the information provided.

---

Annex 1 to the Guidelines for the Provision of Information by Central Securities Depositories and Operators of Securities Settlement Systems to the Bank of Lithuania REPORT ON THE SECURITIES SETTLEMENT SYSTEM

Table 1. Source of securities entered into the Central Depository

Total value of securities held on the accounts with the reporting Central Depository (per relevant securities settlement system)

issued and safe­kept in the Central Depository

transferred to the Central Depository through a (direct) link to

total

another depository

a custodian bank

1 2 3 4 5

Bonds

Short-term securities

Equity

Other securities

Table 2. Institutions holding securities

Total value of securities held in the Central Depository (per relevant securities settlement system)

held in accounts of

another depository

other participants (e.g. credit institutions, financial brokerage firms, central banks)

1

2 3

Bonds

Short-term securities

Equity

Other securities

Table 3. Number of delivery instructions processed

Number of delivery instructions processed (per relevant securities settlement system)

total

internal transfer: transfers between two accounts with the Central Depository, where neither is a link account of another depository

internal transfer: transfers between two accounts with the Central Depository, where at least one is a link account of another depository

external transfer: transfer to/from the Central Depository through its account with another entity (use of links)

1 2 3 4

Bonds

Short-term securities

Equities

Other securities

Total

Table 4. Value of delivery instructions processed

Value of delivery instructions processed (per relevant securities settlement system)

total

internal transfer: transfers between two accounts with the Central Depository, where neither is a link account of another depository

internal transfer: transfers between two accounts with the Central Depository, where at least one is a link account of another depository

external transfer: transfer to/from the Central Depository through its account with another entity (use of links)

1 2 3 4

Bonds

Short-term securities

Equities

Other securities

Total

Table 5. Delivery instructions processed according to settlement cycles and instruction types: FoP and DvP

Number of transfers Value of transfers

1 2

Night-time settlement

Day-time/real time settlement

Total, of which

Free of payment (FoP) Delivery versus payment (DvP

Table 6. Payment transactions unsettled due to lack of securities and/or funds, or lack of confirmation

Lack of securities Lack of funds Lack of confirmation

number value Number value number value

1 2 3 4 5 6

Transfers not settled immediately:

settled later on the same day

moved and settled on other business days

cancelled

Annex 2 the Guidelines for the Provision of Information by Central Securities Depositories and Operators of Securities Settlement Systems to the Bank of Lithuania LIST OF FINANCIAL INSTRUMENTS REGISTERED IN THE CENTRAL DEPOSITORY (FROM-TO DATES) ISIN code of securities Title of securities Date of securities registration in the Central Depository Code of participant or representative National Identification Number of issuer Name of issuer Nominal value of 1 unit (where applicable) Issue currency code Change in units Securities denomination prior to the securities event Securities denomination after the securities event Change value Date of Corporate Action Description of Corporate Action Type of Securities Offering Total nominal value of all changes in the company’s issues, in euro (total nominal value of financial instruments changed over a 12-month period, in euro).

---