OREANDA-NEWS. August 22, 2012. National Settlement Depository (NSD), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, reports that its Customer Committee for Registrar and Depository Relations has approved the Regulations on Central Depository and Registrars Interactions. The Regulations have been developed by the working group uniting representatives of two profile committees – NSD’s Customer Committee for Registrar and Depository Relations and the PARTAD’s Committee for Procedural and Legal Support of Registration Institutions’ Activities.

The Regulations on Central Depository and Registrars Interactions will be used as a guide for development (updating) of NSD’s and registrars’ software in order to adapt it to the central depository’s operations.

The members of NSD’s Committee also made decision to continue working on development of the technology of interactions of the central depository and registrars operating in the pooled investments market (in the course of issuance, exchange and redemption of investment units).

The text of the Regulations previously approved by the PARTAD’s Committee for Procedural and Legal Support of Registration Institutions’ Activities, and information about the members of the working group are available here (in Russian).