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FEDERAL LAW OF THE RUSSIAN FEDERATION

of April 22, 1996 No. 39-FZ

About the security market

(The last edition from 17-06-2019)

Accepted by the State Duma of the Russian Federation on March 20, 1996

Approved by Council of the Russian Federation on April 11, 1996

Section I. General provisions

Chapter 1. The relations determined by this Federal Law

Article 1. Subject of regulation of this Federal Law

This Federal Law governs the relations arising in case of issue and the circulation of issued securities irrespective of the issuer's type in case of the circulation of other securities in the cases provided by the Federal Laws and also feature of creation and activities of professional participants of the security market.

Article 2. The main terms used in this Federal Law

Issued security - any security, including paperless which is characterized by at the same time following signs:

fixes set of the property and non-property rights which are subject to the certificate, concession and unconditional implementation with observance established by this Federal Law of form and procedure;

takes place releases;

has equal amount and terms of implementation of the rights in one release regardless of time of acquisition of security.

The share - the issued security affirming the rights of its owner (shareholder) to receipt of part of profit of joint-stock company in the form of dividends on participation in management of joint-stock company and on part of the property remaining after its liquidation. The share is personalized security.

The bond - the issued security affirming the right of its owner to obtaining if other is not provided by this Federal Law, in time, provided in it, from bond issuing institution of its nominal value or other property equivalent. The bond in case of observance of the conditions established by this Federal Law can not provide the right of its owner to receipt of nominal value of the bond depending on approach of one or several circumstances specified in it. The bond can also provide the right of its owner to receipt of the percent established in it or other property rights. The income on the bond are the percent and (or) discount.

The option of the issuer - the issued security affirming the right of its owner to purchase in the time provided in it and/or in case of approach of the circumstances of certain number of shares of the issuer of such option specified in it at the price determined in the option of the issuer. The option of the issuer is personalized security. Decision making about placement of options of the issuer and their placement are performed according to the rules of securities placement established by the Federal Laws, converted into shares. At the same time the share placing price in pursuance of requirements for options of the issuer is determined according to the price determined in such option.

Release of issued securities - set of all securities of one issuer who is providing identical amount of the rights to their owners and having identical nominal value in cases if availability of nominal value is stipulated by the legislation the Russian Federation. Single state registration number which extends to all securities of this release and if according to this Federal Law release of issued securities is not subject to state registration, - identification number is assigned to release of issued securities.

Additional release of issued securities - set of the securities placed in addition to earlier placed securities of the same release of issued securities. Securities of additional release are placed on identical conditions.

The issuer - the legal entity, executive body of the government, local government body which bear on its own behalf or on behalf of public legal entity of the obligation to owners of securities on implementation of the rights affirmed by these securities.

Personalized issued securities - securities, information on which owners shall be available to the issuer in the form of the register of owners of securities, transition of the rights to which and implementation of the rights affirmed by them require obligatory identification of the owner.

Issued bearer securities - securities, transition of the rights to which and implementation of the rights affirmed by them do not require identification of the owner.

Documentary form of issued securities - form of issued securities in case of which the owner is established based on presentation of the certificate of security which is drawn up properly or, in case of that deposition, based on record on the custody account.

Paperless form of issued securities - form of issued securities in case of which the owner is established based on entry in the register of owners of securities or, in case of deposition of securities, based on record on the custody account.

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