NSD launches reform website 27 March 2015Moscow Reporter: Stephanie Palmer
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Russia’s central securities depository, the National Settlement Depository (NSD) has launched a new website dedicated to the upcoming corporate actions reform.
The site is designed to provide bilateral interactions between NSD and all affected parties, allowing them to share information about progress, and receive feedback. It will include details of corporate actions including business models, technical details and messaging formats.
Quick access to comprehensive information is intended to help implement unified approaches in a timely and synchronised fashion.
Issuers, depositors, registrars and various other professional participants will have access to details of all aspects of the reform, including, legal changes, timeframes, technological details, and information about other international experience of similar reforms.
The reform intends to improve Russia’s corporate action sector by implementing international standards and new technologies. NSD will try to gage the opinions of market participants and to cooperate with them in the lead up to the reform.
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