Repository Services User Committee

Bank of Russia’s Decision of 29.07.2020 approved the Regulations on the Repository Services User Committee NSD (the “Committee”).

The Committee is responsible for the following functions:

  1. Liaising with financial market participants for the purpose of analyzing customers’ needs related to repository services.
  2. Making recommendations to NSD’s executive bodies on issues related to:
    • development of repository services;
    • improvement of terms and conditions of repository services; and
    • any other issues directly related to NSD’s repository activities.
  3. Pre-approving drafts of NSD’s regulations governing the provision of repository services, which are required by the Russian laws to be in place.
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