On 1 October 2019, a meeting of the Supervisory Board of National Settlement Depository (NSD), Russia’s central securities depository, took place.
The Supervisory Board approved the amended and restated version of:
- NSD’s Terms and Conditions of Depository Operations; and
- NSD’s Corporate Governance Policy.
The amended and restated Terms and Conditions of Depository Operations and the amended and restated Corporate Governance Policy will be put into effect once they are approved by the Bank of Russia.
The Supervisory Board approved NSD’s IT Strategy until 2024.
The Supervisory Board took into account:
- NSD’s 8M 2019 Performance Report;
- NSD’s 8M 2019 Report on the Implementation of the Budget of Income, Expenses, and Capital Expenditures;
The Supervisory Board approved the amended and restated Fees for services provided to bond issuers and Fees for information services, as well as Fees for services related to the registration of commercial paper issues, and Fees for services provided by NSD as the SWIFT Service Bureau.
The Supervisory Board considered an issue of concluding the Shareholders Agreement (its amended and restated version) with respect to NSD.