MOSCOW - National Settlement Depository (NSD), Russia's central securities depository, reports that its Supervisory Board at a meeting held 16 November approved new tariffs for repository services.
The meeting’s participants also approved revised Regulations governing the Customer Committee for Quality Control and Risk Management and elected Yuri Dubin, Director of Depository, Sberbank, as the Committee’s Chairman.
Mikhail Nedelsky, General Director, Status CJSC, was elected as Chairman of the Customer Committee for Registrar and Depository Relations.
The Supervisory Board set the number of members of the Customer Committee for Quality Control and Risk Management (nine persons) and the number of members of the Customer Committee for Registrar and Depository Relations (17). Voting on new members of the committees is held is in the form of voting for a list of candidates instead of individual voting.
Yuri Dubin and Mikhail Nedelsky were authorized to nominate new members of their respective committees in compliance with Regulations on the committees and to submit the lists of candidates to the Supervisory Board for approval.
The NSD Supervisory Board recommended that Moscow Exchange sell one NSD share to ZAO Citibank.
In considering corporate governance issues, the company’s Supervisory Board authorized the company’s managers to prepare and present a draft report on corporate governance within the company by 15 December 2012. The members of the Board also took into consideration steps taken in accordance with the corporate governance report approved by the Supervisory Board on 21 July 2012.
About NSD
National Settlement Depository (NSD) is the central securities depository of the Russian Federation, a part of the Moscow Exchange Group. NSD is Russia's national numbering agency and the substitute numbering agency for the CIS, authorized to assign the international ISIN and CFI codes.
The status of central securities depository was assigned to NSD by the Russian Federal Financial Markets Service’s order on 6 November 2012.
NSD holds professional securities market participant license #177-12042-000100 for depository operations issued by the Russian Federal Financial Markets Service on 19 February 2009, and license #3294 for bank operations issued by the Central Bank of the Russian Federation on 26 July 2012.
Registered office: Building 8, 1/13, Sredny Kislovsky Pereulok, Moscow 125009, Russia.
Supplementary office "Krasnye Vorota": 12, Spartakovskaya St., Moscow 105066, Russia
For further information about NSD: http://www.nsd.ru/, or NSD Public Affairs Division: +7 495 232 0910, e-mail
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