RE: Amendments to NSD’s Internal Regulations

17 October 2016
Print version

Ref. No. ВИ-02/7961 dated 17 October 2016

Attn.: NSD’s Clients

Please be advised that on 24 October 2016 the amendments to Appendix 2 (Guidelines on the Procedure for Interaction between the Depository and Clients in the Course of Performance under the Terms and Conditions of Depository Operations of National Settlement Depository) to Securities Account Agreements (the “Guidelines”), as approved by the Chairman of NSD’s Executive Board (Order No. 218 dated 14 October 2016), will take effect.

The principal amendments to the Guidelines include:

  • Update of the procedure for the exercise of withholding agent functions in connection with the payment of income on Russian discount bonds held in foreign nominee securities accounts.

The amendments made to the Guidelines, and the text of the amended Guidelines, are available on NSD’s official web site at www.nsd.ru.

Amendments to the Guidelines

Appendix 4 to the Guidelines: Regulations on the procedure for performance of withholding agent functions under the Russian Tax Code


Should you have any question related to this Letter, please do not hesitate to contact your account manager at +7 495 956-27-90 or +7 495 956-27-91.

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