Disclosures

The CSD industry is subject to high transparency requirements. Central securities depositories regularly publish disclosure reports describing their services, governance, and processes.

Two of the most well-known disclosure frameworks applying to CSDs are:

  • the PFMI Disclosure,  based on the Principles for financial market infrastructures of the CPMI and IOSCO,
  • the AGC Disclosure or Data-Information Gathering Project (DIGP) of the Association of Global Custodians.

The WFC Single Disclosure project combines both of these frameworks into a single tool.

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