Working w/ Russian officials to amend proxy voting law, improve corp. action processes “so that they’re more appealing to intl investors,” Stephan Pouyat, global head of international markets at Euroclear in Brussels, said by phone.
Voting law amendment is “almost final,” expects it to be submitted to spring Duma session. Euroclear will start for Russia stocks on July 1, regardless of whether “the law amendments are passed or not”. Targeting start of electronic proxy voting for Jan. 1
Needed additions include release of corp. actions in standardized formats and in an electronic form, and providing investors w/ electronic voting capacity: Eddie Astanin, chairman of the executive board of the National Settlement Depository, said by e-mail
Completion of reform planned by 2015: NSD