INTERNATIONAL: CDA of Armenia Signs Agreement with KDPW

Wednesday September 24 2025

On 23^rd September 2025, the Central Depository of Armenia (CDA) and the Central Securities Depository of Poland (KDPW) jointly signed an agreement to establish a direct operational link between their respective markets. This agreement facilitates the listing of Armenian companies on the Warsaw Stock Exchange.

Operational links with foreign CSDs facilitate the settlement of transactions involving financial instruments dual-listed on the Warsaw Stock Exchange and foreign stock exchanges. The agreement signed between CDA and KDPW to establish an operational link with the Armenian CSD will enable the opening of a depository account for KDPW within the CDA system. This will allow local issuers to list financial instruments on the Polish capital market.

Additionally, the Central Depository of Armenia has been granted the status of KDPW LEI Agent. This decision marks another important milestone in the cooperation between KDPW and the CDA, enabling the launch of a local LEI issuing service in Armenia upon regulatory approvals.

This joint initiative addresses the growing demand for Legal Entity Identifiers by Armenian companies and supports the development of financial market transparency in the region. CDA will offer the LEI service in accordance with KDPW standards and procedures.

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