OREANDA-NEWS. September 14, 2009. "The National Depository Center" (Closed Joint Stock Company) (NDC), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, announced that its Board of Directors held its first meeting on 9 September. The members of the Board of Directors elected Sergei Lykov, Deputy Chairman of Vnesheconombank, as Chairman. Konstantin Korischenko, President, MICEX CJSC, was elected Deputy Chairman.

The Board of Directors decided to form a Directorate consisting of the following members: Nikolay Egorov, General Director, NDC; Eddie Astanin, Deputy General Director, NDC; Sergei Naumov, Deputy General Director, NDC.

The Board of Directors also took the following decisions:

• To approve STATUS Registratorskoye Obschestvo CJSC (STATUS CJSC) as NDC's registrar and to authorize Nikolay Egorov, NDC's General Director, to conclude an agreement for  maintenance of NDC's register;

•  To approve a decision on NDC's security issue and NDC's security issue report;

• To approve tariffs for NDC Not-for-Profit Partnership's services as tariffs for NDC CJSC's services.

NDC's Board of Directors considered a report on the company's activities for 2Q 2009 by S. Bosetsky, Deputy General Director, Controller, NDC, and authorized Nikolay Egorov, General Director, NDC, to take necessary measures on implementation of recommendations contained in the report.