Taiwanese, Russian CSDs to Cooperate on Capital Markets

Source: Regulation Asia Editors, Regulation Asia 2020-06-10

The TDCC and NSD have agreed to support constructive dialogue and cooperation in areas such as electronic voting, fintech and information services, among other areas.

The TDCC (Taiwan Depository and Clearing Corporation) and Russia’s NSD (National Settlement Depository) have signed an MoU aimed at strengthening bilateral cooperation in capital markets development.

The MOU establishes a long-term cooperative arrangement to simplify the process of implementing business innovations and contribute to capital markets development in both Taiwan and Russia.

The TDCC and NSD have agreed to support constructive dialogue and cooperation in the fields of electronic voting, financial technologies, investor servicing, information services, and joint training seminars.

“The signing of this MOU is the symbol of a new beginning for both sides to work together in the future,” said TDCC chairman & CEO Sherman Lin.

“The value and the purpose of the MOU will be to utilise the two entities’ advantages and expertise of core businesses to drive innovation and respond to the opportunities and challenges due to the technological impacts on the market infrastructure.”

TDCC

Memorandum of Understanding

NSD

financial technology

investment

Taiwanese, Russian CSDs to Cooperate on Capital Markets

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