National Settlement Depository (NSD), Russia’s central securities depository (CSD), completed the mass transfer of securities by 1,200 public companies to NSD last month.
A total of 1,090 issuer accounts were requalified as CSD nominee accounts in late March. The move is in compliance with the federal law “On Central Securities Depository,” which mandated the creation of a federally recognized CSD.
NSD currently holds RUB17.3 trillion worth of securities.
NSD Completes Mass Transfer of Securities
National Settlement Depository (NSD), Russia’s central securities depository (CSD), completed the mass transfer of securities by 1,200 public companies to NSD last month.
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