On 15 August 2014, a meeting of the Supervisory Board of National Settlement Depository (NSD), Russia’s central securities depository, was held. The members of the Supervisory Board reviewed the report on NSD’s operating results for H1 2014, the Report on fulfilment of the Loss, Expenses and Profit Budget and the Capital Investments Budget for H1 2014.
In addition to this, the Supervisory Board approved a new version of NSD’s EDI Rules which had been preliminarily approved by the NSD Customer Committee (the CSD Customer Committee) on 18 July 2014; the approved document will be put into effect after the company receives the Bank of Russia’s approval1. The new EDI Rules include amendments and corrections relating to discontinuance of use of the Telex system as the information interaction channel for settlement services to NSD customers.
Furthermore, the members of the Supervisory Board approved NSD’s Clearing Rules; the new document will come into effect after registration in the Bank of Russia. The Clearing Rules include corrections and amendments connected to peculiarities of clearing and collateral management services provided in respect of repos with the Federal Treasury and of the additional 6.45 pm clearing session.
1 But no earlier than 1 October 2014.