Legal Framework for Russian Reform Takes Effect
Big changes in automation for corporate actions processes
Amendments to Russian federal law underpinning the country's corporate actions have entered into force, the country's largest settlements depository has announced.
The National Settlement Depository (NSD) has undertaken much of the reform initiative, which aims to automate largely manual corporate actions processes, increase efficiency and decrease risk, real and perceived, to make Russia more attractive to investment. The amendments to the law came into force on July 1.
"There were a number of
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