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The document ceased to be valid since August 2, 2019 according to article 3 of the Federal Law of the Russian Federation of August 2, 2019 No. 278-FZ

FEDERAL LAW OF THE RUSSIAN FEDERATION

of July 29, 1998 No. 136-FZ

About features of issue and the address state and municipal securities

(as amended on 14-06-2012)

Accepted by the State Duma on July 15, 1998

Approved by the Federation Council on July 17, 1998

Chapter I. General provisions

Article 1. Sphere of regulation

Are established by this Federal Law:

procedure for origin as a result of implementation of issue state and municipal securities and obligation fulfillment of the Russian Federation, subjects of the Russian Federation, municipalities;

procedure of issue state and municipal securities and feature of their address;

procedure for disclosure of information by issuers of the specified securities in the part which is not regulated by the legislation of the Russian Federation.

Legal basis of participation of the Russian Federation, the subject of the Russian Federation, the municipality in the relations resulting from implementation of issue state and municipal securities, are established by this Federal Law and other legislation of the Russian Federation.

Article 2. State and municipal securities. Issuers state and municipal securities

1. According to this Federal Law government securities government securities of the Russian Federation and government securities of subjects of the Russian Federation are recognized.

According to this Federal Law government securities of the Russian Federation the securities issued on behalf of the Russian Federation are recognized.

According to this Federal Law government securities of the subject of the Russian Federation the securities issued on behalf of the subject of the Russian Federation are recognized.

According to this Federal Law municipal securities the securities issued on behalf of the municipality are recognized.

2. Obligation fulfillment of the Russian Federation, subjects of the Russian Federation and municipalities on the securities specified in this Article is performed in accordance with the terms of release of these securities.

3. Issuers state and municipal securities are respectively executive bodies of the government and local administrations which issue securities on behalf of public legal entity and incur obligations to owners of securities on implementation of the rights affirmed by these securities.

The Government of the Russian Federation or the federal executive body authorized by it acts as the issuer of government securities of the Russian Federation.

The supreme executive body of the government of the subject of the Russian Federation or financial body of the subject of the Russian Federation given the law of the subject of the Russian Federation the right to implementation of the state borrowings of the subject of the Russian Federation acts as the issuer of government securities of the subject of the Russian Federation.

The local administration given the charter of the municipality the right to implementation of municipal borrowings acts as the issuer of municipal securities.

Chapter II. Requirements to issue state and municipal securities

Article 3. Types state and municipal securities

State and municipal securities can be issued in the form of bonds or other securities relating to issued securities according to the Federal Law "About the Security Market", certifying the right of their owner to obtaining from the issuer of the specified securities of money or depending on conditions of issue of these securities of other property, the established percent from nominal value or other property rights in the terms provided by conditions of the specified issue.

Article 4. Features of release nominal state and municipal securities in documentary form

In case of release nominal state and municipal securities in documentary form with obligatory centralized storage the name of the owner of the specified securities is not obligatory detail of the global certificate. In this case in the global certificate the name of depositary to which the issuer transfers to storage the specified certificate, with indication of against its name of detail "depositary" is specified. Instruction in the global certificate of the name of depositary does not involve transition to depositary of the rights to securities of the release which is drawn up by this global certificate.

On nominal state and to municipal securities the register of owners of personalized securities is not kept.

Article 5. Releases state and municipal securities

State and municipal securities are placed releases.

Within release state or municipal securities series, categories, security numbers can be established.

By the decision on release state or municipal securities division of release into tranches can be established.

Tranche - the part of securities of this release placed within amount of this release in any date during the cycle time of securities of this release which is not matching date of the first placement. Placement of trenches of one release is performed based on the documents regulating placement of this release according to this Federal Law.

Release state or municipal securities, differing from one of the existing releases of the specified securities only date of issue (date of placement), is recognized part of the existing release, and the state registration number of the existing release (additional release) is assigned to it. The decision on placement of additional release is performed based on the documents regulating procedure for placement of releases state and municipal securities according to article 9 of this Federal Law which shall contain specifying on the fact that this issue of securities is additional. Securities of additional release provide to their owners the same amount of the rights, as securities of release which registration number is assigned to additional release.

The decision of release issue (additional release) state or municipal securities, performed according to General conditions of issue and the address state or municipal securities and conditions of issue and the address state or municipal securities of this type, is accepted by the issuer of the specified securities.

The issuer in case of adoption of the decision on release issue (additional release) by him state or municipal securities appropriates to this release (additional release) of securities the state registration number created according to the procedure, established by the federal executive body performing powers regarding approval of procedure for forming of the state registration numbers assigned to releases state and municipal securities and other debt obligations.

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