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PRESIDENTIAL DECREE OF THE REPUBLIC OF BELARUS

of April 28, 2006 No. 277

About some questions of regulation of the security market

(as amended on 18-07-2016)

For the purpose of strengthening of state regulation of the security market and enhancement of the legislation concerning its functioning:

1. Determine that:

1.1. the procedure for issue (issue), the address and the securities redemption is determined:

Council of Ministers of the Republic of Belarus - by all types of securities, including features of issue (issue), the address and the securities redemption of local executive and administrative organs, except for securities of National Bank, the bank savings book to bearer, checks, deposit and savings certificates;

National Bank in coordination with the republican state body performing state regulation of the security market - on securities of National Bank, the bank savings book to bearer, to checks, deposit and savings certificates;

1.2. the republican state body performing state regulation of the security market or if other is not established by legal acts, its authorized structural division performing executive, control, the coordinating and regulating functions regarding state regulation of the security market, control and supervision of issue (issue), the address and the securities redemption, activities of professional participants of the security market (further - authorized structural division of the republican state body performing state regulation of the security market), stop making and (or) execution of security transactions in trade system of the organizer of the securities trading and (or) security circulation in the unorganized market by pronouncement of the instruction about suspension of the biddings by certain issue of securities or all securities of the issuer or about suspension of security circulation of certain release or all securities of the issuer:

in case of recognition in the procedure for issue of issued securities established by the legislation unfair, release (additional release) of issued securities invalid, and also suspensions or prohibitions of issue of issued securities;

in case of violation of the requirements about ensuring obligation fulfillment of the issuer for bonds established in subitem 1.7 of this Item, replacement procedure by the issuer of ensuring execution of the obligations on bonds;

in case of making of the actions (failure to act) specified in part one of article 63 of the Law of the Republic of Belarus of January 5, 2015 "About the security market" (The national legal Internet portal of the Republic of Belarus, 10.01. 2015, 2/2229), identifications of other violations of the law about securities in case of control and supervision of issue (issue), the address and repayment of issued securities, activities of professional participants of the security market, including when conducting cameral checks;

in other cases established by legal acts of the Republic of Belarus.

The republican state body performing state regulation of the security market or if other is not established by legal acts, authorized structural division of the republican state body performing state regulation of the security market is stopped by making and (or) execution of security transactions in trade system of the organizer of the securities trading and (or) security circulation in the unorganized market by pronouncement of the instruction about discharge from participation in the biddings by securities or from participation in security circulation of professional participants of the security market:

in case of making of the actions (failure to act) specified in part one of article 63 of the Law of the Republic of Belarus "About the security market", identifications of other violations of the law about securities in case of control and supervision of issue (issue), the address and repayment of issued securities, activities of professional participants of the security market including when conducting cameral checks;

in other cases established by legal acts of the Republic of Belarus.

The republican state body performing state regulation of the security market having the right to obtain information containing in the register of personal estate, pledged, on a grant basis according to the procedure established by legal acts;

1.3. the republican unitary enterprise "Republican Central Securities Depository" is Central Securities Depository in the Republic of Belarus.

Accounting of share rights, the Republic of Belarus which is in property, including in economic maintaining the republican unitary enterprises, or its administrative and territorial units, including in economic maintaining municipal unitary enterprises, is performed by Central Securities Depository in the Republic of Belarus;

1.4. legal entities at whom the size of equity (net assets) constitutes at least 30 thousand basic sizes have the right to implementation of depository activity.

The requirement provided in part one of this subitem does not extend to banks, the non-bank credit and financial organizations and Central Securities Depository in the Republic of Belarus;

1.5. the legal entities performing professional and exchange activity on securities, except for banks, the non-bank credit and financial organizations determine the size of equity (net assets) on the 1st day of every month with submission in accordance with the established procedure of such data in the republican state body performing state regulation of the security market;

1.6. depositary, the broker, the trustee has the right to render:

services in placement of information on single information resource of the security market to the issuers and other persons obliged to open information according to the legislation of the Republic of Belarus on securities;

the consulting services connected with activities in the security market;

1.7. obligation fulfillment on bonds is provided with pledge, and (or) the guarantee, and (or) the bank guarantee, and (or) liability insurance for non-execution (improper execution) of obligations of bond issuing institution, and (or) right to claim on the credits issued by banks on construction, reconstruction or acquisition of housing on the security of the real estate, except as specified, specified in subitems 1.8 and 1.10 of this Item.

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