The Ordinary General Meeting of the members of the Association of National Numbering Agencies (ANNA) was held on 18-19 May, 2006 in Moscow at the Golden Ring Hotel. NDC was the official host of the meeting.
The meeting participants were greeted by the Deputy Head of the Federal Financial Markets Service Vladimir Gusakov. In his opening remark V. Gusakov expressed his satisfaction that the general meeting was marked by a very important decision taken during the last ANNA Board meeting to handover all the functions of the national numbering agency for Russia to NDC from the substituting agency Wertpapier-Mitteilungen (Germany). “FFMS confirms its full support to NDC in its activity as a national numbering agency for Russia and will provide assistance in development of this important area for the Russian securities market, which would support further integration of the Russian stock market into international”, noted V. Gusakov.
ANNA Chairman Dan Kuhnel said, “ANNA understands the FFMS is working on a draft bill to establish a central depository – this will be a key development to supporting the further growth of the financial industry that we are witnessing today. Further improvements upon the Russian record system for securities rights to international models will also assist in preserving the competitiveness of the Russian infrastructure”.
NDC CEO Nikolay Egorov noted that ‘numbering agency function is very important for a central depository and NDC waited for that decision for about 7 years, since 1999. After short period of hand over NDC will allocate ISINs for all Russian securities. Ministry of Finance, Bank of Russian and FFMS supported the choice of the National Depository Center as a national numbering agency for Russia’.
In March 2006 ANNA Board of Directors made a positive decision on a complete hand-over of ISIN allocation functions for Russian financial instruments in the framework of a single international system in accordance with international standard ISO 6166, as well as transfer of data on Russian securities to the international database. Earlier in 2005 the National Depository Center was granted status of a Qualified National Operator/Coordinator (QNOC). Since becaming an ANNA member in 1999, NDC developed methods and rules of ISIN allocation to Russian financial instruments, which allow to insure accuracy, timeliness and reliability of data on Russian securities and codes allocated to them.
Database on ISINs and information about NDC services on ISIN allocation can be found on www.isin.ru.
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Association of National Numbering Agencies (ANNA) was founded in 1992 by 22 numbering agencies.
ANNA has rapidly grown to become a global association of 66 members, each acting as a national numbering agency responsible for assigning International Securities Identification Numbers (ISIN) to securities and other financial instruments.
The aim of ISIN allocation is the standardized identification of financial instruments within single system and dissemination of data between stock market participants. International Identification Codes and standardized securities description can be used in all areas of financial market and are necessary for provision of efficient clearing and settlement.
Main obligations of ANNA Members include:
- Allocate ISINs for all security types, listed and unlisted, in their area of responsibility according to ISO 6166 in conjunction with the latest version of ISIN guidelines;
- Promote ISO Standard 6166 (ISIN) in their area of responsibility;
- Disseminate ISINs to the local and international securities industry as well as to other ANNA members;
- Participate in development of efficient international system of securities identification.