OREANDA-NEWS. Gathering for their Annual General Meeting in Prague on 3 May, members of European Central Securities Depositories Association (ECSDA) elected a new Board of Directors and Executive Committee. Eddie Astanin, Chairman of the Executive Board of National Settlement Depository (NSD), Russia’s central securities depository, was elected to the Board of Directors and Executive Committee of the association.

The members of ECSDA’s Board of Directors share responsibility for the administration and management the association and attend the meetings at least twice a year. ECSDA directors are elected for three years. The members of Executive Committee of the association are responsible for current administrative issues.

ECSDA represents 41 national and international central securities depositories (CSDs) in 37 European countries. It provides a forum for European CSDs to exchange views and take forward projects of mutual interest. The association also promotes a constructive dialogue between the CSD community, European public authorities and all other stakeholders looking to achieve an optimal regulatory framework for clearing and settlement.