Depozitarul Central traces its origins to 1997, when Regisco, a central securities depository, was founded on 31 July of that year.[2] On 11 May 2006, the Bucharest Stock Exchange acquired control of Regisco. The institution was renamed Depozitarul Central on 3 January 2007.[2] The National Securities Commission (CNVM) authorised its operation on 14 December 2006, and the new central securities depositary took over the depository and registry services previously handled by the National Company for Clearing, Settlement and Depository for Securities (SNCDD) on 10 April 2007. This transfer also included taking over the shareholder registers for all listed companies.[3][4][5]
The early years of the central securities depositary saw considerable growth in its operational capabilities. In 2007, its initial share capital stood at over €3 million, and it managed over 10 million accounts for nearly half of Romania's population through 14 regional agencies. Capital was later increased to €5 million.[3][6] In March 2012, Depozitarul Central launched a turnaround settlement service to provide more efficient settlement for over-the-counter (OTC) trades.[7]
A major milestone in the institution development was its data migration to the TARGET2-Securities (T2S) platform, the Eurosystem settlement engine. Depozitarul Central committed to joining T2S in the first migration wave and successfully completed the transition on 22 June 2015.[8]
