On 31 October 2017, a meeting of NSD's Supervisory Board took place.
The Supervisory Board resolved to:
- Remove Evgeniya Abrukina from the position of Chairperson of the Budget Committee of NSD's Supervisory Board with effect from 31 October 2017;
- Elect Maxim Lapin, Chief Financial Officer of Moscow Exchange, to the Budget Committee of NSD's Supervisory Board and to the position of Committee Chairperson with effect from 1 November 2017;
- Remove Steven Vande Velde from the National Settlement Depository Customer Committee (Central Securities Depository Customer Committee); and
- Elect Magali de Wit, Network Manager, Euroclear Bank SA/NV, to the National Settlement Depository Customer Committee (Central Securities Depository Customer Committee).
At the meeting, the Supervisory Board also elected the following individuals as Chairpersons of the newly elected Customer Committees of NSD:
- Natalia Sidorova, Head of Global Securities Services, Transaction Banking Services Department, AO UniCredit Bank (Customer Committee for Quality Control and Risk Management);
- Evgenia Klimova, Head of Custody Services Department, AO Raiffeisenbank (Customer Committee for Settlement and Depository Services and Tariffs); and
- Maksim Murashov, General Director, JSC DRAGA (Customer Committee for Registrar and Depository Relations).
The Committee Chairpersons were instructed to nominate new candidates to their respective Committees.
In addition, the Supervisory Board approved the following amended and restated Fee Schedules:
- the Fee Schedule for Cash Transfer and Related Services (amended to reflect an increase in the fee chargeable for cash transfers using the BESP system);
- the List of Procedures and NSD EDI Fee Schedule (appendix to the Electronic Data Interchange Agreement);
- the Fee Schedule for NSD's Depository Services and the Fee Schedule for NSD’s Services that Involve the Execution of Transactions with Securities with Respect to Which NSD Holds a CSD Nominee Account, or with Respect to Which NSD Provides Services for Mandatory Centralized Safekeeping of Securities.
The amendments to the Fee Schedules reflect the reduction of the fees for tax support services provided in connection with the payment of income on U.S. securities, and the introduction of a reduced fee with respect to securities that are not held at ICSDs, but are held in a nominee securities sub-account intended to hold assets of a non-governmental pension fund whose license has been revoked.
The Supervisory Board also discussed and took a note of:
- NSD’s Performance Report for Q3 2017; and
- Report of NSD's Professional Securities Market Participant's Controller for Q3 2017.