10 april 2014

Working meeting of representatives of the stock markets of Russia and Belarus held in Minsk

PRESS RELEASE
April 10, 2014

On April 8, 2014 RUE "Republican Central Securities Depository" took participation in the working meeting of representatives of the stock markets of the Russian Federation and the Republic of Belarus on the topic: "Risk Management and peculiarities of supervision, licensing under centralized accounting infrastructure of the Republic of Belarus, and role of self-regulatory organizations". The organizers of the meeting were: SRO "National Securities Market Association", CJSC "Registration Company "STATUS" (Russia), "National Settlement Depository" (Russia), JSC "Belarusian Currency and Stock Exchange" (Belarus).

On the Russian side the meeting was attended by representatives of Bank of Russia Financial Markets Services, National Securities Market Association, National Settlement Depository, as well as representatives of professional participants: CJSC "STATUS", CJSC "VTB - Registrar", CJSC "Siberian Registration Company", CJSC "Registration Company "STATUS" (regional companies).

On the Belarusian side the meeting was attended by representatives of the Securities Department of the Ministry of Finance of the Republic of Belarus, the National Bank of Belarus, JSC "Belarusian Currency and Stock Exchange", RUE "Republican Central Securities Depository", the Association of the securities market participants, as well as representatives of professional securities market participants engaged in depository activities.

The following issues were discussed during the meeting:

- Depository system in the Republic of Belarus;

- Recent changes in the Russian securities market. Working peculiarities with foreign nominal holders and their clients;

- Directions of the development of Russian legislation on joint stock companies and the securities market. Changes in corporate legislation, including changes related to dividend payments, issuance of securities, informing shareholders about the upcoming meetings. Cascade method of implementing corporate actions;

- Other issues.

 Later on April 8, 2014 another meeting was held in the RUE "RCSD", which was attended by representatives of National Settlement Depository (Russia), the Ministry of Finance of Belarus, the National Bank of Belarus and JSC "Belarusian Currency and Stock Exchange". The meeting raised issues of interaction between registration and settlement infrastructure organizations in the securities markets of Russia and Belarus on the acquisition by foreign investors of government securities of the Republic of Belarus.