RUSSIA: NSD Launches OTC Express

Friday May 8 2026

On 7^th May 2026, National Settlement Depository launched a new service – “OTC Express”. The service will enable seamless transfers of securities by automating compliance checks. It will also enable depositories to streamline internal operational processes and expedite transfers by eliminating the need to request additional documents and conduct manual checks.

NSD has implemented the technical capability to transmit information necessary to monitor compliance with the requirements of Russian Presidential Decree No. 81 of March 1, 2022, and Presidential Decree No. 520 of August 5, 2022, as well as decrees amending and supplementing them. The depository’s task in implementing controls under these decrees is to establish the presence or absence of a transfer of ownership of securities, verify the parties (the ultimate sender and ultimate recipient) of the transaction, and, accordingly, determine the feasibility of its execution. To do this, the depository often requires information it does not possess and can only obtain from its clients—professional securities market participants. Receiving this information takes from several hours to several days, significantly extending the execution time of the depository’s instruction. NSD’s technology allows for the transmission of all the information necessary for monitoring within the instruction itself, eliminating, in most cases, the need for additional requests.

Currently, completing additional information is voluntary for the order initiator, but its absence may require the order to be suspended and the compliance department to manually submit a request. The “OTC Express” service will reduce the time it takes to receive and analyze information for NSD-executed OTC transfers to one day.

Click on the above link for further information