NSD Announces Results of Supervisory Board Meeting

20 November 2014
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On 14 November 2014, a meeting of the supervisory Board of National Settlement Depository (NSD), Russia’s central securities depository, took place.

The Supervisory Board members approved a new version of the company’s Clearing Rules which will be put into force and placed on NSD’s website after registration with the Bank of Russia. The Clearing Rules have been amended to allow daily withdrawal of funds resulting from clearing operations from NSD’s trading bank accounts upon the instruction of the clearing participant and to begin providing electronic matching services of counter instructions on OTC transactions with securities and of informing clients about the matching results.

Pursuant to amended legislation and regulatory acts of the Bank of Russia, the Supervisory Board members approved revisions to the NSD Internal Control Rules aimed at combating money-laundering and the financing of terrorism (CMLFT). The new version of the CMLFT Rules will be put into effect once it is approved by the Bank of Russia.

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