Bank of Russia Grants Operations License to NSD Repository

[kreslik.news]

The Moscow Exchange Group’s (MOEX) National Settlement Depository (NSD), a central securities depository, has received a license for repository operations issued by the Bank of Russia. In addition, the Bank of Russia approved the Regulations on the Repository Services Customer Committee of NSD’s Executive Board.

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According to the Russian securities law, all repositories which register OTC transactions must receive the appropriate license by the end of 2016. The non-bank financial institution became the first entity in Russia to receive this type of license.

The NSD Repository is the first and ... (read more)