NSD Announces Results of Supervisory Board Meeting

13 April 2015

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On 10 April 2015, a meeting of the Supervisory Board of National Settlement Depository (NSD), Russia’s central securities depository, took place.

The Supervisory Board approved amended fees; the changes were associated with establishing coefficients for servicing securities held in international depositories. If the international depositories’ documents allow to keep securities in several depositories, a maximal coefficient is used for calculating the safekeeping fee amount.

The Supervisory Board approved the Financial Recovery Plan (Self-Recovery Plan) and took into consideration information about the fulfillment of NSD’s Budget of Income, Loss and Profit and the Budget of Capital Expenditures for 2014.

The participants of the meeting also approved a new version of NSD’s Internal Control Rules aimed at combating money laundering and the financing of terrorism. Once the document is approved by the Bank of Russia, it takes effect.

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NSD Announces Results of Supervisory Board Meeting

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