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The document ceased to be valid since May 29, 2019 according to Item 2 of the Resolution of the Ministry of Finance of the Republic of Belarus of April 30, 2019 No. 23

THE RESOLUTION OF COMMITTEE ON SECURITIES UNDER COUNCIL OF MINISTERS OF THE REPUBLIC OF BELARUS

of December 16, 2005 No. 09/P

About approval of the Instruction about procedure for certification of specialists of the security market of the Republic of Belarus

(as of May 18, 2009)

For the purpose of enhancement of state regulation of the security market and based on the Regulations on Committee on securities under Council of Ministers of the Republic of Belarus approved by the resolution of Council of Ministers of the Republic of Belarus of October 31, 2001 No. 1593, Committee on securities under Council of Ministers of the Republic of Belarus DECIDES:

1. Approve the enclosed Instruction about procedure for certification of specialists of the security market of the Republic of Belarus.

2. The competence certificates issued before entry into force of this resolution are valid during the term specified in them.

3. Recognize invalid:

the order of the State committee on securities of the Republic of Belarus of October 13, 1999 No. 18-P "About approval of the Regulations on certification of specialists of the security market of the Republic of Belarus" (The national register of legal acts of the Republic of Belarus, 1999, No. 87, 8/1269);

the resolution of the State committee on securities of the Republic of Belarus of November 10, 2000 No. 23-I "About modification and amendments in Regulations on certification of specialists of the security market of the Republic of Belarus" (The national register of legal acts of the Republic of Belarus, 2000, No. 116, 8/4459).

4. This resolution becomes effective since March 1, 2006.

 

Chairman A. V. Davydov

Approved by the Resolution of Committee on securities under Council of Ministers of the Republic of Belarus of December 16, 2005 No. 09/P

The instruction about procedure for certification of specialists of the security market of the Republic of Belarus

Chapter 1. General provisions

1. The instruction about procedure for certification of specialists of the security market of the Republic of Belarus (further - the Instruction) determines procedure for certification of physical persons on the activities right in the security market of the Republic of Belarus as the head or the employee of the professional participant of the security market (further - the professional participant), stock exchange or the issuer's employee.

2. The basic principles of certification are the openness, collective nature and objectivity of estimates of the skill level certified.

3. The certifying body is the Department on securities of the Ministry of Finance of the Republic of Belarus (further - Department on securities) which for carrying out certification creates certifying commission (further - the commission).

4. The documents certifying compliance of persons to the qualification requirements imposed to specialists of the security market, and confirming the right of their activities in the security market of the Republic of Belarus are competence certificates 1, of 2, of 3rd category and category "C".

The competence certificate of the 1st category grants the right to its owner on implementation of all work types and services constituting professional and exchange activity on securities as the head or the employee of the professional participant, stock exchange, and also the right to performance of works connected with release, placement, the address and the securities redemption.

The competence certificate of the 2nd category grants the right to its owner on implementation of activities in the security market as the employee of the professional participant, stock exchange on one or several work types and services constituting professional and exchange activity on the securities specified in the competence certificate:

broker activities, dealer activities;

depository activity;

activities for trust management of securities, activities of investment fund;

activities for the organization of the securities trading, clearing activities.

The competence certificate of the 2nd category irrespective of the work types and services specified in it also grants the right to performance of works, connected with release, placement, the address and the securities redemption, as the issuer's employee.

The competence certificate of 3rd category grants the right to performance of works, connected with release, placement, the address and the securities redemption, as the employee of the issuer or the employee of the professional participant.

The competence certificate of category "C" - the special certificate of the managing director which grants the right to implementation of activities as the professional participant of the security market managing in proceeedings about bankruptcy (in the presence of the license of state body on cases on bankruptcy).

5. The competence certificate is issued for a period of 5 years with the right of its subsequent prolongation.

6. The state fee is paid for carrying out certification, recertification, prolongation of effective period and issue of the duplicate of the competence certificate.

In case of negative result of certification or recertification the payment amount does not return.

7. The program of training of specialists of the security market is developed and affirms Department on securities and is published in mass media, and also posted on the global computer Internet on the websites of the Ministry of Finance of the Republic of Belarus, Belarusian Currency and Stock Exchange open joint stock company and the republican unitary enterprise "Republican Central Securities Depository".

Chapter 2. Requirements imposed to applicants for receipt of the competence certificate

8. Persons applying for receipt of the competence certificate (further - applicants), shall be trained on rates according to the program of training of specialists of the security market not earlier than before six months before date of submission of documents for the admission to certification and meet the following requirements:

8.1. on the competence certificate of the 1st category:

availability of the highest, mainly economic or legal, educations;

8.2. on the competence certificate 2nd and 3rd of category:

availability of the highest (average special), mainly economic or legal, educations.

Also the students of final years of higher education institutions getting economic or legal education are allowed to certification on the competence certificate 2nd and 3rd of category;

8.3. on the competence certificate of category "C":

availability of the highest, mainly economic or legal, educations;

training at rates in the program of training of managing directors in proceeedings about bankruptcy.

9. For the admission to certification applicants submit to Department on securities the following documents:

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