Russian CSD extends collateral fees
06 February 2014 Moscow
Image: Shutterstock
The supervisory board of National Settlement Depository (NSD), Russia’s central securities depository, voted to extend the validity of the fees for collateral management services and the fees for clearing services that had been approved by the board last year.
The documents will be in effect until the board approves new versions of both documents.
The members of the board approved NSD’s rules of internal control of the professional securities market participants and NSD’s rules of internal control of the clearing organisation. Both documents will be send to the Bank of Russia for registration and put into effect afterwards.
The board set the number of the members of the company’s technological policy and development committee. The committee now includes nine members, due to the early termination of Dmitry Shatsky.
The supervisory board considered the report on CSD risk assessment for 2013, the report on evaluation of CSD risk management efficiency, and the activities report for Q4 2013 by NSD’s controller and chief of the department of internal control of the professional securities market participant.
The documents will be in effect until the board approves new versions of both documents.
The members of the board approved NSD’s rules of internal control of the professional securities market participants and NSD’s rules of internal control of the clearing organisation. Both documents will be send to the Bank of Russia for registration and put into effect afterwards.
The board set the number of the members of the company’s technological policy and development committee. The committee now includes nine members, due to the early termination of Dmitry Shatsky.
The supervisory board considered the report on CSD risk assessment for 2013, the report on evaluation of CSD risk management efficiency, and the activities report for Q4 2013 by NSD’s controller and chief of the department of internal control of the professional securities market participant.
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