MOSCOW – National Settlement Depository (NSD), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, reports that on 25 July it filed an application for getting the central depository status to Russia's FFMS. Russian law allows an applicant to submit a part of documents to the regulator after filing an application.
The first set of NSD's documents includes the documents confirming NSD's compliance with the requirements to an applicant for the central depository status, as well as the Regulations on the National Settlement Depository Customer Committee (Central Securities Depository Customer Committee) and the company's Code of Professional Ethics which were approved by the Supervisory Board of NSD on 25 July.
The remaining documents will be sent to the Federal Financial Markets Service (FFMS) after approval in compliance with Russian law.
National Settlement Depository (NSD) is the largest settlement depository in Russia, a part of the Moscow Exchange Group, servicing on-exchange and OTC transactions with all types of debt and equity securities of Russian issuers and providing settlement services to participants in financial markets of the Russian Federation.
NSD provides storage of global certificates and depository accounting for 99% of corporate bond issues, sub-federal and municipal bond issues. It services 100% of transactions conducted in the federal bond and the Bank of Russia bond markets, more than 99% of transactions conducted in the corporate and regional bond markets, the majority of transactions with equities and also services UIT units and securities of foreign issuers.
In accordance with agreements concluded between NSD and the Bank of Russia, NSD acts as a settlement center for the organized securities market.
NSD is Russia's national numbering agency and the substitute numbering agency for the CIS, authorized to assign the international ISIN and CFI codes.
For further information about NSD: http://www.nsd.ru/ , or NSD Public Affairs Division: +7 495 232 0910,
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