NSD Supervisory Board to Set EGM Date

08 June 2011
Print version

MOSCOW - National Settlement Depository (NSD), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, reports that its Supervisory Board at the meeting held 8 June made a decision on calling and conducting of the Extraordinary Meeting of NSD's shareholders on 30 June. The Board also approved the EGM agenda and considered other issues connected with EGM preparation and conducting. NSD's shareholders are recommended to approve the following issues:

  • New version of NSD's Charter
  • New version of the Regulations on the General Meeting of NSD's shareholders
  • New version of the Regulations on NSD's Supervisory Board
  • New version of the Regulations on NSD's Executive Board

The company's Supervisory Board approved the Regulations on Risk Management and affirmed NSD's participation in ABISS Not-for-Profit Partnership, an organization involved in implementation and development of standards and rules of commercial activities with regard to credit and financial organizations' information security compulsory for all ABISS members.

About NSD

National Settlement Depository (NSD) is the largest settlement depository in Russia, a part of the MICEX Group, servicing on-exchange and OTC transactions with all types of debt and equity securities of Russian issuers and providing settlement services to participants in financial markets of the Russian Federation.

NSD provides storage of global certificates and depository accounting for 99% of corporate bond issues, sub-federal and municipal bond issues. It services 100% of transactions conducted in the federal bond and the Bank of Russia bond markets, more than 99% of transactions conducted in the corporate and regional bond markets, the majority of transactions with equities and also services UIT units and securities of foreign issuers.

In accordance with agreements concluded between NSD and the Bank of Russia, NSD acts as a settlement center for the organized securities market.

NSD is Russia's national numbering agency and the substitute numbering agency for the CIS, authorized to assign the international ISIN and CFI codes.

For further information about NSD: www.nsd.ru , or NSD Public Affairs Division: +7 495 232 0910,

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