Amendments to the Fee Schedules for NSD's Depository Services

21 December 2016
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Ref. No. 47-20/9763 dated 21 December 2016

Attn.: NSD's clients

Please be advised that, in accordance with NSD's Supervisory Board's resolution dated 25 October 2016 to amend the Fee Schedule for NSD’s Services that Involve the Execution of Transactions with Securities with Respect to Which NSD Holds a CSD Nominee Account, or with Respect to Which NSD Provides Services for Mandatory Centralized Safekeeping of Securities, and the Fee Schedule for NSD's Depository Services (the "CSD Fee Schedule" and the "Fee Schedule", respectively), and in accordance with Order No. 277 dated 21 December 2016, the amended and restated CSD Fee Schedule and Fee Schedule have been approved and will take effect on 1 January 2017.

The key amendments relate to NSD's tax support services provided in connection with payment of income on securities, including in connection with NSD's compliance with the FATCA requirements.

The amendments in question have been made to paragraph 3.3 of the Fee Schedules. In particular:

  • sub-paragraphs have been added which set out fees depending on the securities category;
  • the fee chargeable for the processing of a clarifying tax disclosure for re-calculating previously withheld taxes from the yield on Russian issuers’ securities has been changed.

In addition, the following amendments have been made to the CSD Fee Schedule and the Fee Schedule:

  • the definition (description) of public creditor has been removed;
  • the wording of paragraph 1.12 has been changed.

The CSD Fee Schedule and the Fee Schedule are available on NSD's web site in the following sections: "About NSD / Information Disclosure / Internal Regulations" (only in Russian) and "Fees / Fee Schedule", respectively.

In case of any question related to this message, you may contact your account managers at: +7 495 956-27-90, +7 495 956-27-91, or NSD's regional representatives.

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