In April 2012, the Bank for International Settlements and the International Organization of Securities Commissions jointly published the "Principles for Financial Market Infrastructures" (Committee on Payment and Settlement Systems "Principles for Financial Market Infrastructures", April 2012).

The main objective of the "Principles for Financial Market Infrastructures" is to establish effective internal procedures for assessing the maintenance of financial stability, operational continuity, and proper risk management of the financial market infrastructure, which corresponds to the interests of owners, participants, clients, and employees of such financial market infrastructure.

Non-bank credit organization joint-stock company "National Settlement Depository" (NSD) is an infrastructure institution of the financial market of the Russian Federation, performing a wide range of activities, including the functions of a central depository, systemically and nationally significant payment system, clearing organization, and trade repository. NSD prepares the "Report on Compliance of NSD with the Principles for Financial Market Infrastructures" at least once every two years.

The Report on Compliance of NSD with the Principles for Financial Market Infrastructures is provided upon request. To obtain the report, please contact your personal manager at NSD.