No. 47-20/3762 dated 11 May 2022
Attn.: NSD’s Clients
Please be advised that due to the receipt of the Bank of Russia’s instruction, NSD introduces temporary restrictions on transactions with securities purchased after 18 February 2022. Transactions will be processed as follows:
1. Debiting of securities from foreign nominee securities accounts is suspended. Clients are required to provide a letter containing the following information:
- 1.1. Date of securities purchase;
- 1.2. Information about the presence or absence of a permit issued in accordance with the Russian President’s Executive Order No. 81 dated 1 March 2022 or the Russian President’s Executive Order No. 95 dated 5 March 2022 (if the permit was granted, the information shall be submitted using the form in the Appendix).
2. Debiting of non-Russian securities held on securities accounts opened to foreign clients, if such debiting will result in debiting from NSD’s account opened with a foreign securities depository performing the record keeping of rights on securities (transaction code 36), is suspended. In order to confirm the possibility of debiting non-Russian securities from the securities accounts of such clients, NSD shall receive a letter from the client containing the following information:
- 2.1. Date of securities purchase;
- 2.2. Information about the presence or absence of a permit issued in accordance with the Russian President’s Executive Order No. 81 dated 1 March 2022 or the Russian President’s Executive Order No. 95 dated 5 March 2022 (if the permit was granted, the information shall be submitted using the form in the Appendix).
3. Debiting of non-Russian securities held on securities accounts opened by trustees, if such debiting will result in debiting from NSD’s account opened with a foreign securities depository performing the record keeping of rights on securities (transaction code 36), is suspended. In order to confirm the possibility of debiting non-Russian securities from the securities accounts opened by trustees, NSD shall receive a letter from the client containing the following information:
- 3.1. Trustors (resident, non-Resident);
- 3.2. Date of securities purchase;
- 3.3. Information about the presence or absence of a permit issued in accordance with the Russian President’s Executive Order No. 81 dated 1 March 2022 or the Russian President’s Executive Order No. 95 dated 5 March 2022 (if the permit was granted, the information shall be submitted using the form in the Appendix).
If you have any questions related to this communication, please contact your account manager at +7 495 956-27-90, +7 495 956-27-91.
Appendix: Information submission form (updated 01.06.2022)