National Settlement Depository (“NSD") carries out on a regular basis a self-assessment of its compliance with the Principles for Financial Market Infrastructures (the “FMI Principles”) as per the recommendations of the BIS Committee on Payment and Settlement Systems (CPMI), the International Organization of Securities Commissions (IOSCO) and the Bank of Russia.
According to the announced 2020 self-assessment results, NSD acts in the capacity of financial market infrastructures in a sustainable and reliable way. NSD observes the FMI Principles as follows:
20 out of 24 FMI Principles are acknowledged by NSD as applicable to this market institution;
Out of these 20 principles, NSD “observes 16 principles and broadly observes 4 principles”.
The 2020 self-assessment report is available via NSD’s web-site.
Impact on investors: There is no direct impact on our clients.