Corporate Actions Reform in Russia

National Settlement Depository (NSD), Russia’s central securities depository, is taking steps to improve regulatory and IT aspects of corporate information collection and distribution, as well as corporate actions processing. Such steps will contribute to:

  • the establishment of a data center in the Russian Federation to store and distribute official, reliable information on corporate actions;
  • representation by securities depositories of their clients (depositors) in the course of corporate actions in accordance with laws;
  • standardization of corporate procedures and introduction of universal document formats;
  • an environment in which investors will be able to exercise the rights attached to any securities held by them as efficiently as possible;
  • the widespread use of electronic data interchange in accordance with international standards for the purposes of corporate information collection and distribution, as well as for corporate actions processing;
  • the use of straight-through processing of information at the level of securities depositories and registrars in the Russian securities market;
  • the introduction of electronic voting at general meetings of security holders in the Russian Federation, both through securities depositories and registrars (e-proxy voting) and directly (e-voting);
  • ensuring that Russian stock market instruments are accessible to foreign investors, as well as to international settlement organizations and central securities depositories;
  • improved corporate governance;
  • making the Russian securities market more appealing to investors.