28 january 2014

Clarifications from the Ministry of Finance of the Russian Federation on the implementation by the depositary functions of a withholding agent paying out income on Russian securities to foreign organizations acting on behalf of third parties

On request of National Settlement Depository (NSD) (Moscow, Russia) the Ministry of Finance of the Russian Federation gave clarifications regarding certain issues arising where a depository acts as a withholding agent paying out income on Russian government, municipal, or corporate securities to foreign organizations acting on behalf of third parties.

More information is available on the official Internet portal of NSD: https://www.nsd.ru/en/press/deponews/index.php?id36=309509