Document from CIS Legislation database © 2003-2021 SojuzPravoInform LLC

The document ceased to be valid since  July 22, 2016 according to Item 2 of the Resolution of Board of National Bank of the Republic of Belarus of June 14, 2016 No. 322

RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF BELARUS

of December 12, 2007 No. 220

About approval of the Instruction about procedure for stock exchange trading by foreign currency

 

IT IS APPROVED

Office

Ministrov

Republic of Belarus

12.12.2007

IT IS APPROVED

Committee

state control

Republic of Belarus

12.12.2007

According to Articles 26, the Board of National Bank of the Republic of Belarus DECIDES: 32 and 33 Bank codes of the Republic of Belarus

1. Approve the enclosed Instruction about procedure for stock exchange trading by foreign currency.

2. Recognize invalid:

the resolution of Board of National Bank of the Republic of Belarus of June 28, 2001 No. 165 "About approval of Rules of stock exchange trading by foreign currencies" (The national register of legal acts of the Republic of Belarus, 2001, No. 73, 8/6398);

the resolution of Board of National Bank of the Republic of Belarus of September 24, 2002 No. 186 "About approval of Rules of calculations for stock exchange transactions of purchase and sale of foreign currency" (The national register of legal acts of the Republic of Belarus, 2002, No. 113, 8/8615);

the resolution of Board of National Bank of the Republic of Belarus of October 31, 2002 No. 210 "About modification of the Rules of stock exchange trading by foreign currencies and licensing of exchange activities when implementing transactions with foreign currency approved by the resolution of Board of National Bank of the Republic of Belarus of June 28, 2001 No. 165" (The national register of legal acts of the Republic of Belarus, 2002, No. 131, 8/8779);

the resolution of Board of National Bank of the Republic of Belarus of October 31, 2003 No. 194 "About modification and amendments in the resolution of Board of National Bank of the Republic of Belarus of June 28, 2001 No. 165" (The national register of legal acts of the Republic of Belarus, 2003, No. 131, 8/10218);

the resolution of the Board of directors of National Bank of the Republic of Belarus of January 24, 2007 No. 25 "About change of time of transfer of Belarusian rubles for carrying out calculations for stock exchange transactions of purchase and sale of foreign currency" (The national register of legal acts of the Republic of Belarus, 2007, No. 27, 8/15780).

3. This resolution becomes effective since January 1, 2008.

 

Acting as

Chairman of the board P.V.Kallaur

Approved by the Resolution of Board of National Bank of the Republic of Belarus of December 12, 2007 No. 220

The instruction about procedure for stock exchange trading by foreign currency

Chapter 1. General provisions

1. The instruction about procedure for stock exchange trading by foreign currency (further - the Instruction) developed according to Articles 26, 32 and 33 Bank codes of the Republic of Belarus establishes single procedure for the conclusion at the biddings of Belarusian Currency and Stock Exchange open joint stock company (further - the exchange) transactions of purchase, sale, conversion of foreign currency (further - stock exchange transactions) and carrying out calculations for them.

2. For the purposes of this Instruction terms are used in the following values:

2.1. foreign currency - means in monetary units of foreign states and international cash or units of account, the Republic of Belarus which is on accounts in National Bank (further - National Bank), in banks and the non-bank credit and financial organizations of the Republic of Belarus, in banks and other credit institutions outside the Republic of Belarus;

2.2. purchase of foreign currency - exchange of official monetary unit of the Republic of Belarus for foreign currency on the established exchange rates;

2.3. sale of foreign currency - exchange of foreign currency for official monetary unit of the Republic of Belarus on the established exchange rates;

2.4. conversion of foreign currency - exchange of one type of foreign currency for other type of foreign currency on the established exchange rates;

2.5. the exchange biddings - process of making of stock exchange transactions (further the biddings);

2.6. the bidder - the National Bank, banks and the non-bank credit and financial organizations allowed to participation in the biddings. The banks, the non-bank credit and financial organizations having special permission (license) of National Bank to implementation of banking activity with the right of implementation of currency exchange transactions and also nonresident banks can be allowed to participation in the biddings if their participation in the stock foreign exchange market is provided by international treaties of the Republic of Belarus;

2.7. the trader - the bidder's worker concluding bargains of purchase, sale, conversion of foreign currency at the biddings on behalf of the bidder within the powers conferred to him by the power of attorney of the bidder;

2.8. trade system - the electronic system of the exchange consisting of the automated workplace of the leader of the biddings, the automated workplaces of bidders and the software;

2.9. net - the obligation - the obligation of the bidder formed by results of the biddings to transfer cash amount in Belarusian rubles and/or foreign currency to National Bank or other bidder;

2.10. the exchange certificate - the document the established exchange of form confirming the conclusion with the bidder of stock exchange transactions and containing information about net - obligations of the bidder by results of the biddings;

2.11. providing net - obligations - the amounts which are previously transferred into separate personal accounts by the bidder in Belarusian rubles and/or foreign currency which provide execution of stock exchange transactions and are used for restriction of the risks connected with failure to carry out by bidders of the net - obligations by results of the biddings;

2.12. separate personal accounts - the accounts opened on balance of National Bank in Belarusian rubles and foreign currency on currency types through which calculations for results of the biddings are carried out;

2.13. clearing banks - banks in which the National Bank opens the correspondent accounts used for money transfer in foreign currency by bidders on separate personal accounts;

Warning!!!

This is not a full text of document! Document shown in Demo mode!

If you have active License, please Login, or get License for Full Access.

With Full access you can get: full text of document, original text of document in Russian, attachments (if exist) and see History and Statistics of your work.

Get License for Full Access Now

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info

Effectively work with search system

Database include more 50000 documents. You can find needed documents using search system. For effective work you can mix any on documents parameters: country, documents type, date range, teams or tags.
More about search system

Get help

If you cannot find the required document, or you do not know where to begin, go to Help section.

In this section, we’ve tried to describe in detail the features and capabilities of the system, as well as the most effective techniques for working with the database.

You also may open the section Frequently asked questions. This section provides answers to questions set by users.

Search engine created by SojuzPravoInform LLC. UI/UX design by Intelliants.