NSD Supervisory Board Approves Internal Documents Required to Obtain Central Securities Depository Status
The Supervisory Board of the National Settlement Depository approved the internal documents required to obtain the central securities depository status.
- (1888PressRelease) October 18, 2012 - MOSCOW - The Supervisory Board of the National Settlement Depository (NSD), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, at its meeting held 16 October approved the following internal documents required to obtain the central securities depository status:
- Terms of Depository Operations;
- Internal Control Rules;
- Internal Control Rules Aimed at Combating Money-Laundering and the Financing Of Terrorism;
- New version of the company's Professional Ethics Code;
- EDI Rules;
- Regulations on Conducting Transactions and Document Interchange in the Process of Depository Operations;
- Rules of Managing Risks Associated with Central Depository's Operations;
- Information Protection Rules;
- Information Disclosure Rules;
- Regulations on Processing of Customers' Complaints and Requests;
- Catalogue of the Tariffs for Central Securities Depository Services connected to transactions with securities with regard to which the depository has opened the nominee holder account or in respect of which the central depository acts as an entity providing mandatory centralized custodial services;
- New version of the Regulations on Customer Committee.
These documents will be submitted to Russia's Federal Financial Markets Service by NSD to obtain the central depository status.
The company's Supervisory Board also approved the following internal documents required to obtain a license to engage in clearing activities:
- New version of NSD's Uninterrupted Operations Policy;
- A list of measures aimed at minimizing risks associated with clearing operations and conducting clearing and other types of NSD's operations in securities market simultaneously;
- Internal Control Rules of NSD as a professional intermediary in the securities market and a clearing organization.
Tatyana Gello, Chief of Internal Control Division, NSD, was appointed as Internal Controller of central securities depository. Sergei Bosetsky, Internal Controller, Chief of Securities Market Professional Intermediary's Internal Control Department, NSD, was appointed as Internal Controller of clearing organization.
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.
###
space
space
Satisfied Users & 
Approved Press Releases
Print
Email
Report Spam