NSD Becomes Candidate LOU
National Settlement Depository (NSD), Russia's central securities depository, signed a Master Agreement with the Global Legal Entity Identifier Foundation (GLEIF) and became a Candidate for the Local Operating Unit (Candidate LOU). Appropriate information has been placed on GLEIF's official website. NSD is the first company in Russia and the CIS with this status. To date, there are 23 organizations worldwide which have applied for LOU status. Six LOUs have already been accredited.
The accreditation process for a LOU consists of several consecutive stages. Continuing to act as a pre-LOU authorized to assign LEIs by the Legal Entity Identifier Regulatory Oversight Committee (LEI ROC), NSD proceeds to the final phase that will complete the process by receiving LOU status.
NSD has functioned as a pre-LOU since 2013. In 2016, NSD assigned 136 new LEIs; thus, the number of serviced codes increased 20% (to 835 LEIs). For this period, 407 LEIs were verified.