Issuers of stocks, corporate bonds to disseminate information to investors only in electronic form

28 March 2014
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Issuers of stocks, corporate bonds to disseminate information to investors only in electronic form, Eddie Astanin, CEO of National Settlment depository, says in interview in Moscow.

“We are removing a big barrier that obstructs the flow of capital into Russia and drives it into depository receipts”

NSD will be ready with technological platform by yr-end, legislation to be sent to parliament in Spring session. Legislation will obligate issuers to disseminate information on corporate actions in electronic form through NSD; NSD will compile, aggregate shareholders’ votes, provide them to issuers.

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