NSD Supervisory Board Adopts Resolutions Related to AGM Preparation

07 March 2018
Print version

On 6 March 2018, a meeting of the Supervisory Board of National Settlement Depository (NSD), Russia’s central securities depository, took place.

The Supervisory Board made the following decisions based on the Moscow Exchange’s proposals:

  • To put an item on the agenda of the 2018 Annual General Meeting of shareholders (AGM) establishing the number of Supervisory Board members with the following wording: “To establish the number of NSD Supervisory Board members as 15 persons for the period until the 2019 AGM;”
  • To put forth the following candidates for the Supervisory Board of NSD on the ballot for the Company’s 2018 AGM:
    • Alexander Afanasiev, Chairman of the Executive Board, Moscow Exchange;
    • Paul Bodart, Independent Board member and member of the Audit Committee of Belfius Bank;
    • Mikhail Bratanov, Regional Head (Russia and CIS), Société Générale Securities Services, Head of the Securities Services Department, PJSC ROSBANK;
    • Andrey Golikov, Deputy Chairman of the Supervisory Board, Moscow Exchange;
    • Bella Zlatkis, Deputy Chairman of the Management Board, Sberbank of Russia;
    • Igor Marich, Member of the Executive Board, Managing Director of the Money and Derivatives Markets, Moscow Exchange;
    • Dmitry Shcheglov, Member of the Executive Board, COO, Moscow Exchange.
  • To put forth the following candidates for the Internal Audit Committee on the 2018 AGM ballot:
    • Natalya Bogatova, Head of the IFRS Reporting Department of the Financial Division of the Finance Unit, Moscow Exchange;
    • Olga Gordienko, Chief Accountant, Moscow Exchange;
    • Vladimir Sukhachev, Head of the Internal Audit Service, Moscow Exchange.

The Supervisory Board made a decision to re-appoint Andrey Shlyappo, Deputy Chairman of the Executive Board, NSD, as a member of the Executive Board for a new two-year term (starting 2 April 2018).

The Supervisory Board approved the new version of NSD’s Risk and Capital Management Strategy.

New versions of the following fee schedules were also approved:

  • The Fee Schedule for NSD’s Repository Services (the minimum fee for services for non-professional participants and usual clients was adjusted; subscription fees for reports on the fair value and margin sums were replaced with a small fee for each message which can contain any number of reports);
  • Fees for NSD Services Provided in Accordance with the Information Services Agreement (the fee for information about the fair value of financial instruments and of a group of financial instruments was not changed but will be applied to a certain category of the instruments assessed based on accredited methodology).

The Supervisory Board took into account the following reports:

  • The 2017 Report on the Implementation of the Income, Expenditures, and Profit Budget and Capex Budget;
  • The 2017 Report on Activities of NSD’s Internal Control Department.
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