NSD Supervisory Board Approves Regulations on User Committees
OREANDA-NEWS. November 17, 2011. National Settlement Depository (NSD), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, on 31 October, 2011, approved the following amended documents: the Regulations on Settlement and Depository Operations and Tariffs Committee, the Regulations on Quality Control and Risk Management Committee, and the Regulations on the Committee for Interactions with Registrars and Depositories. The Regulations on Settlement and Depository Operations and Tariffs Committee was brought in compliance with the order by the Federal Anti-Monopoly Service of Russia (FAS# issued jointly with FAS's ruling on satisfaction of NSD's petition on acquisition of DCC's voting shares.
About NSD
National Settlement Depository #NSD) is the largest settlement depository in Russia, a part of the MICEX 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.
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