NSD has extended the zero tariff for converting depositary receipts into shares of Russian issuers

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AK&M 10 August 2022 17:53

The National Settlement Depository has extended the marketing period for converting depositary receipts into shares of Russian issuers from August 15 to October 15, 2022. This is stated in the message of NSD.

During this period, no fee will be charged for services for transferring shares from/to the section of the type "Represented by the Central Bank under depository programs" of the depot account for their subsequent crediting to the depot accounts on behalf of the depositor to whose account the shares are credited, the message emphasizes.