OREANDA-NEWS. December 26, 2011. National Settlement Depository (NSD), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, reports that its Supervisory Board carried out a meeting on 23 December. The members of the Board considered preliminary results of NSD's operations for 2011, approved the company's Budget of revenues, expenditures and profit as well as the capital investments budget for 2012.

The Supervisory Board took into consideration a report on activities related to development of NSD's risk management system which includes an internal control system, a system of managing economic risks (risk of liquidity, market, currency and credit risks# and non-economic risks #operating and reputational risks#, a system of monitoring operations within the framework of anti-money laundering and counter financing of terrorism, and professional liability insurance. NSD's activities related to risk management are regulated by provisions and policies approved by the Supervisory Board, as well as by the company's internal documents, technological procedures of data collection, analysis and making managerial decisions.

NSD Supervisory Board members also approved a progress on NSD and Settlement Chamber RTS integration.