Alexander Nazarov as Chairman of new Corporate Actions Reform Development Committee

For practical realization of the corporate actions reform in the Russian market, the National Settlement Depository (NSD), which is the Central securities depository of Russia, established a new committee under the supervision of the NSD Managing Board and elected Alexander Nazarov, Head of Global Securities Services in Russia, as the Chairman of the Committee. 

Main goals of the Committee are as follows: 

• Consultations to the NSD management on the draft laws and regulations related to implementation of the corporate actions reform;
• Optimization of the document flow related to corporate actions and proxy voting, including foreign investors and foreign nominee and depositary receipts accounts;
• Implementation of the electronic document flow for corporate actions and proxy voting;
  • Development of the NSD’s Center for Corporate Information as the single and legitimate source of corporate actions information in the Russian market;
  • Enhancement of the NSD’s process related to operational and technological corporate actions in accordance with best international standards. 

Impact on investors:

NSD Corporate Actions Committee allows fostering the improvement of the securities regulation and promoting market efficiency that will benefit investors.