NSD Announces Resolutions Adopted by the Supervisory Board

03 February 2014
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On 31 January 2014, the Supervisory Board of National Settlement Depository (NSD), Russia’s central securities depository, voted to extend the validity of the Fees for collateral management services and the Fees for clearing services that had been approved by the Supervisory Board on 14 February 2013. The documents will be in effect until such time as the company’s Supervisory Board approves new versions of both documents.

The members of the Supervisory Board approved NSD’s Rules of internal control of the professional securities market participants and NSD’s Rules of internal control of the clearing organization. Both documents will be send to the Bank of Russia for registration and put into effect afterwards.

The Supervisory Board set the number of the members of the company’s Technological Policy and Development Committee; now the Committee includes nine members due to early termination of powers of Dmitry Shatsky.

The Supervisory Board considered the Report on CSD risk assessment for 2013, the Report on evaluation of CSD risk management efficiency, and the Activities Report for 4Q 2013 by NSD’s Controller and Chief of the Department of Internal Control of the Professional Securities Market Participant.

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