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Republican Unitary Enterprise "Republican Central Securities Depository"

Postal address 220004, Republic Belarus, Minsk, Melnikayte St 2, (4th floor)
Tel. +375 (17) 306-32-20
Fax +375 (17) 306-32-20
E-mail info@centraldepo.by
Web-site http://www.centraldepo.by

Общая информация

In accordance with the Decree of the President of the Republic of Belarus dated April 28, 2006 No. 277 “On Certain Issues of Regulation of the Securities Market”, the Republican Unitary Enterprise “Republican Central Securities Depository” is the central securities depository in the Republic of Belarus.

The main functions of the central depository are determined by the Law of the Republic of Belarus dated January 5, 2015 No. 231-Z “On the Securities Market”. Since 2008 RUE "RCSD" has been performing the functions of the National Numbering Agency in the Republic of Belarus.

In accordance with the Instruction of the Ministry of Finance of the Republic of Belarus dated 28.04.2018 No. 30 “Instruction on the Procedure for Carrying out Depository Activities”, the central depository of the Republic of Belarus, in agreement with the Ministry of Finance of the Republic of Belarus, is entitled to establish correspondent relations with foreign securities depositories.

In addition to performing the functions of a central depository, RUE "RCSD" carries out recording of rights on shares held in the property of the Republic of Belarus secured by the right of operational management or economic management of republican legal entities subordinate to republican government bodies and other state organizations subordinate to the Government of the Republic of Belarus or to these bodies and organizations.

RUE “RCSD” also provides custody services for issuers of shares and bonds. Owners of shares and bonds in RUE “RCSD” opened more than 20,000 “depot” accounts.

RUE "RCSD" is a state organization subordinate to the Ministry of Finance of the Republic of Belarus.

The activities of the RUE "RCSD" are regulated and controlled, within the limits established by the legislation of the Republic of Belarus, by the Securities Department of the Ministry of Finance of the Republic of Belarus.

  • The Decree of the President of the Republic of Belarus dated April 28, 2006 № 277 “On some issues of securities market regulation”;
  • The Law of the Republic of Belarus dated January 5, 2015 № 231-Z “On securities market”;
  • The license providing the right to perform professional and exchange activities with securities dated March 27, 2003 № 0220/5200-4-1111, issued by the Ministry of Finance of the Republic of Belarus for a period of 5 years.

Validity of license is extended based on the following decisions:

  • № 215 dated June 26, 2007 for a term of 5 years;
  • № 145 dated May 16, 2012 for a term of 10 years till July 29, 2022.
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Andrey Aksionau

Director

Director of the RUE “RCSD” since August 5, 2019.

Andrei Aksionau was born in 1973. He graduated from the Belarusian State University with a degree in Radiophysics and Electronics and Economic Cybernetics as a mathematical economist.

Mr. Aksionau has many years' experience of working in the securities market of the Republic of Belarus. He began his career working for the Interbank Currency Exchange in 1995. From 1999 until 2016 he worked for JSC “Belarusian Currency and Stock Exchange” (BCSE), holding various management positions. His latest position in BCSE was Head of Marketing Operations Department. He was responsible for the organization and development of financial market segments as well as the stock and over the counter securities market, the foreign exchange market.

From January 2017 to July 2019 Mr. Aksionau worked for the Securities Department of the Ministry of Finance. He was appointed as Deputy Chief of Securities Market Regulation Division in January 2019. He was responsible for information and analysis, program planning, the development of international cooperation and the securities market regulatory framework in the Securities Department. Mr. Aksionau served as Secretary of Interagency Commission of the Development of Financial Market under the Council of Ministers, Secretary of the Public Advisory (Expert) Council for Securities Market Development within the Ministry of Finance, the Panel Secretary of the Securities Department. He participated in working groups within Eurasian Economic Commission developing international agreements in the area of the common financial market of the Eurasian Economic Union.

Mr. Aksionau attended a number of educational courses and served apprenticeships organizing financial markets in different countries (Germany, Austria, Turkey, the Czech Republic and Poland). He is a good public speaker and has media publications. He was awarded with certificates and commendations of the Ministry of Finance, the Securities Committee under the Council of Ministers, the Belarusian Currency and Stock Exchange.

100% owned by the Republic of Belarus represented by the Ministry of Finance of the Republic of Belarus.
  • acceptance of the securities (securities issues) for the centralized custody in the depository system, after their registration (state registration) in accordance with the legislation of the Republic of Belarus on securities;
  • control over the total number of securities of each issue on a storage in the depository system;
  • maintaining of unified reference books and catalogs of the depository system;
  • opening of correspondent depository accounts for the depositories and ensuring the transfer of the securities on these accounts;
  • recording of the securities of issuers placed (traded) outside the Republic of Belarus and securities of non-resident issuers placed (traded) on the territory of the Republic of Belarus;
  • recording of rights on shares held in the property of the Republic of Belarus, including shares under the economic jurisdiction of republican unitary enterprises, administrative-territorial units and municipal unitary enterprises;
  • provision of advisory and methodological assistance on depository activities to the depositories;
  • assigning national and international identification codes to the securities (securities issues);
  • establishment of correspondent relations with depositories non-residents;
  • other functions in accordance with the legislation of the Republic of Belarus.

RUE "RCSD" is a member of the Association of the Eurasian Central Securities Depositories (AECSD).

The Republican Unitarian Enterprise "The Republican Central Securities Depository" (Belarus) became the National Numbering Agency in the Republic of Belarus, and now RUE “RCSD” is the only entity responsible for ISIN, CFI and FISN codes allocation to the securities of Belarusian issuers.

The Republican Unitary Enterprise “The Republican Central Securities Depository” (Republic of Belarus) signed an agreement of correspondent relations with the following non-resident depositories:

  • National Settlement Depository (Russian Federation);
  • INFINITUM Special Depository OJSC (Russian Federation);
  • Public Joint Stock Company “National Depository of Ukraine” (Ukraine)
  • National Depository Center CJSC (Republic of Azerbaijan)
  • Central Depository of Armenia OJSC (Armenia)
  • Central Securities Depository JSC (Republic of Kazakhstan)
  • Central Depository of the Kyrgyz Republic CJSC (Kyrgyz Republic).

Agreements and Memorandums signed by the RUE “RCSD” as of August 5, 2019:

  • Georgian Central Securities Depository
    Agreement on Cooperation for the Development of Depository Systems (November 4, 2003)
  • National Depository Center of the Azerbaijan Republic
    Agreement on Cooperation for the Development of Depository Systems (14 November, 2003)
  • Central Securities Depository of Kazakhstan
    Agreement on Cooperation for the Development of Depository Systems (25 November, 2003)
  • Central Securities Depository of the Republic of Uzbekistan
    Agreement on Cooperation for the Development of Depository Systems (4 December, 2003)
  • National Securities Depository of the Republic of Moldova
    Agreement on Cooperation for the Development of Depository Systems (25 May, 2004)
  • National Depository of Ukraine
    Agreement on Cooperation for the Development of Depository Systems (29 July, 2004)
  • Association of Eurasian Central Securities Depositories
    Resolution on the Establishment of the Association of Eurasian Central Securities Depositories (22 December, 2004)
  • Depository Clearing Company (Russian Federation)
    Memorandum of Cooperation (April 13, 2007)
  • National Settlement Depository (Russian Federation)
    Memorandum of Cooperation (September 7, 2007)
  • National Depository Center of the Azerbaijan Republic
    Memorandum of Cooperation (April 13, 2007)
  • INFINITUM Special Depository OJSC (Russian Federation)
    Agreement on the establishment of correspondent relations (April 4, 2008)
  • The Association of National Numbering Agencies
    The Partnership Agreement (June 6, 2008)
  • National Securities Depository of the Republic of Poland
    Memorandum of Understanding (December 3, 2009)
  • Public Joint Stock Company “National Depository of Ukraine” (Ukraine)
    Agreement on the establishment of correspondent relations (July 13, 2012)
  • National Settlement Depository (Russian Federation)
    Memorandum of Cooperation (April 4, 2013)
  • National Settlement Depository (Russian Federation)
    Agreement of CSD foreign nominee account (April 4, 2013)
  • Central Securities Depository (Republic of Kazakhstan)
    Agreement on the establishment of correspondent relations (October 28, 2015)
  • Central Depository of Armenia
    Agreement on the establishment of correspondent relations and custody agreement (June 8, 2016)
  • National Depository Center of the Republic of Azerbaijan
    Agreement on the establishment of correspondent relations (September 8, 2017)
  • Central Depository of the Kyrgyz Republic
    Agreement on the establishment of correspondent relations (October 2, 2018)