OREANDA-NEWS. December 5, 2011. National Settlement Depository (NSD), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, reports that its Supervisory Board at the meeting held 30 November, 2011, elected the chairpersons of NSD user Committees.

Tatiana Chepeleva, a representative of OTKRITIE Brokerage House JSC, Head of Moscow representative office of OTKRITIE Securities Limited, UK, was elected the Chairwoman, Committee of Settlement and Depository Operations and Tariffs, NSD.
Yuri Dubin, Director, Depository, Sberbank, was elected the Chairman of the Quality Control and Risk Management Committee, NSD.
Natalia Sidorova, Head Securities Services, ING Commercial Banking, was elected the Chairwoman of the Committee for Interactions with Registrars and Depositories, NSD.

The members of the Supervisory Board approved the number of the members of the Committee of Settlement and Depository Operations and Tariffs (22 members), of the Quality Control and Risk Management Committee (20 members), and of the Committee for Interactions with Registrars and Depositories (17 members).

The Supervisory Board authorizes the chairpersons of the Committees to nominate the candidates to the members of the respective Committees and to submit the lists of the candidates to the Board for approval.

NSD Supervisory Board also approved the Policy for Reputation Risk Management, as well as the corrected NSD's Budget of revenues, expenditures and profit for 2011, and considered few other issues.