In accordance with Clause 7, Article 5 of the Law “On the Central Securities Depository” (the “Law”), NSD established National Settlement Depository Customer Committee (Central Securities Depository Customer Committee) (the “Committee”).
The 25 members of the Committee are elected in compliance with Law, the Order of the FSFM of Russia No. 12-13/pz-n of 15 March 2012 and the Regulations on the Committee approved by the Bank of Russia.
The members of the Committee are elected from individuals representing the interests of NSD’s clients, registrars, trade organizers, clearing houses and other companies.
In order to elect new members of the Committee NSD publishes a notification about the nomination of candidates on its website.
In order to review applications and generate a list of candidates to be elected, the Supervisory Board calls an Interim Commission from the members of the Supervisory Board.
On 31 July 2019 the Supervisory Board elected new members of the Committee for the term of one year from 2 August 2019, in accordance with the recommendations of the Interim Commission.
The Committee included representatives of twenty depositors (clients), 19 new members, and representatives of three registrars, one stock exchange and one clearing organization.