Effective from 1 January 1997:

This amends the procedures for transforming physical securities to dematerialised ones, and vice versa, with respect to the responsibilities of the Securities Centre (Stredisko cennych papierov).

The content of this article is intended to provide a general guide to the subject matter. It is therefore not a substitute for specialist advice.

For further information contact Ruth Clamp, Arthur Andersen Bratislava on tel: +42 7 5340 545, fax: 42 7 5340 542 or e:mail directly to ruth.a.clamp@ArthurAndersen.com or enter text search 'Arthur Andersen' and 'Business Monitor'.