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NSD Receives pre-LOU Status

MOSCOW - The Regulatory Oversight Committee (ROC), a surveillance organization formed by the Financial Stability Board (FSB) for implementation of the Legal Entity Identifiers (LEI) project, reports that today the ROC Secretariat allocated the 4-digit prefix of a pre-Local Operating Unit (pre-LOU) 2534 to National Settlement Depository (NSD), Russias central securities depository.

It means that NSD gains an official status of a pre-LOU and will be able to allocate Legal Entity Identifiers to Russian legal entities and to update information about the entities in the global legal entities identification system.

LEIs are a new universal standard (ISO 17442) allowing identification of all participants in financial transactions on the basis of a unique 20-digit code. Its development has been overseen by the G20 and the FSB.

The decision to create a global system of identification of participants in financial operations was made by the G20 in order to improve transparency and strengthen control over systemic risks in financial markets. The global identification structure is being formed by the FSB, and Russian Public Authorities are participating in this process.

The official statement is available here.

More information about the ROC is available here.

About NSD

National Settlement Depository (NSD) is the central securities depository of the Russian Federation, a part of the Moscow Exchange Group. NSD is Russia's national numbering agency and the substitute numbering agency for the CIS, authorized to assign the international ISIN and CFI codes.

The status of central securities depository was assigned to NSD by the Russian Federal Financial Markets Services order on 6 November 2012.

NSD holds professional securities market participant license #177-12042-000100 for depository operations issued by the Russian Federal Financial Markets Service on 19 February 2009, and license #3294 for bank operations issued by the Central Bank of the Russian Federation on 26 July 2012.

Registered office: Building 8, 1/13, Sredny Kislovsky Pereulok, Moscow 125009, Russia.

Supplementary office "Krasnye Vorota": 12, Spartakovskaya St., Moscow 105066, Russia

For further information about NSD: www.nsd.ru, or NSD Public Affairs Division: +7 495 232 0910, e-mail pr@nsd.ru 

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