National Settlement Depository (NSD) and Interfax’s Centre for Disclosing Corporate Information have started testing the first version of the Single Disclosure Window Service.
The service allows users to disclose material facts through information agencies’ news feeds as well as informing NSD about corporate actions.
As the service is finalised, it will be expanded to all types of corporate actions.
Eddie Astanin, chairman of the executive board at NSD, said: “Last summer, NSD, together with the Bank of Russia, issuers, and Russian and global custodians and registrars, proposed that authorized news agencies implement a unified information disclosure system.”
Astanin, added: “The Single Disclosure Window was designed to reduce issuers’ costs associated with disclosing information that is important for the market, to accelerate the inflow of corporate actions in the accounting system, and to resolve the issue of data discrepancy.”
Vladimir Gerasimov, executive director at Interfax Group, commented: “The Single Disclosure Window, which enables companies to publish material facts, as well as information about corporate actions through an integrated interface, assumes the implementation of NSD formats via the agencies. This ensures that information supplied through the agencies will comply with the central securities depository’s strict legal and technological requirements.”
