MOSCOW – National Settlement Depository (NSD), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, reports that its Customer Committee for Registrar and Depository Relations has approved the Regulations on Central Depository and Registrars Interactions. The Regulations have been developed by the working group uniting representatives of two profile committees – NSD’s Customer Committee for Registrar and Depository Relations and the PARTAD’s Committee for Procedural and Legal Support of Registration Institutions’ Activities.
The Regulations on Central Depository and Registrars Interactions will be used as a guide for development (updating) of NSD’s and registrars’ software in order to adapt it to the central depository’s operations.
The members of NSD’s Committee also made decision to continue working on development of the technology of interactions of the central depository and registrars operating in the pooled investments market (in the course of issuance, exchange and redemption of investment units).
The text of the Regulations previously approved by the PARTAD’s Committee for Procedural and Legal Support of Registration Institutions’ Activities, and information about the members of the working group are available here (in Russian).
About NSD
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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