BNY Mellon stock faces CIAN depositary program change

BNY Mellon stock is linked to a planned change in CIAN's depositary receipt program. CIAN PLC received a notification from The Bank of New York Mellon concerning the termination of BNY Mellon's role as depositary bank, according to AK&M in a report published Thursday, November 12, 2026.

CIAN weighs successor arrangements

The notice concerns BNY Mellon's powers under CIAN's depositary agreement dated November 4, 2021. CIAN said it is assessing the consequences of the bank's decision and intends to continue protecting the interests of depositary receipt holders.

CIAN also plans to appoint a new depositary bank and make further announcements. The report states that the agreement required a replacement depositary by August 19, 2024. If no replacement was appointed, the earliest termination date under the reported timetable would be November 19, 2024.

The episode places operational continuity and the treatment of depositary receipts at the center of the investor discussion. For BNY Mellon, the report concerns a specific depositary mandate rather than a change to its broader custody platform. The available account does not provide a commercial impact estimate or a timetable for any effect on BNY Mellon's earnings.

BNY Mellon stock at a glance

The broader US market context is available in the S&P 500 market overview.

For further developments, see More news and analyses on BNY Mellon stock.