Ref. No. 12848 dated 10 February 2023
Att NSD clients
In accordance with the decision of NSD's Executive Board dated 09 February 2023, National Settlement Depository (NSD) announces a marketing period from 10 February 2023 to 30 April 20223 (both dates inclusive) during which no fee is charged for transfers of foreign issuer securities from non-residents to Russian residents (paragraph 5.1 of NSD Fees for Depository Services) under counter instructions of the Sending Client and the Receiving Client (Transaction Code 16 and 16/1) without cash settlement (inter alia, under type “C” securities account transactions).
The marketing period applies if the following conditions are met concurrently:
- a transfer is authorised by the Government Commission;
- the “Additional Information” field contains “Transfer authorised by the Government Commission for a resident to purchase securities from a non-resident”.
If you have any enquiries regarding this notice, please contact your account manager at NSD by phone: +7 495 956-27-90, +7 495 956-27-91.