DECISION OF THE NATIONAL COMMISSION ON SECURITIES AND STOCK MARKET OF UKRAINE

of May 30, 2013 No. 932

About approval of the Regulations on procedure for dematerialization of personalized securities

According to Article 3, Item 38 parts two of Article 7, Item 13 of article 8 of the Law of Ukraine "About state regulation of the security market in Ukraine", Item 9 of the Section VI "Final and transitional provisions" of the Law of Ukraine "About depositary system of Ukraine", for the purpose of ensuring existence of personalized issued securities in undocumented form of existence, the National commission on securities and the stock market RESHILA:

1. Approve Regulations on procedure for dematerialization of personalized securities which are applied.

2. To provide to department of regulation of depository and settlement and clearing activity (I. Kurochkin) submission of this decision on state registration in the Ministry of Justice of Ukraine.

3. To provide to management of information technologies, external and internal communications (A. Zaik) publication of this decision according to the legislation.

4. This decision becomes effective from the date of its official publication.

5. Control over the implementation of this decision to assign to the member of the commission O. Tarasenko.

Approved by the Decision of the National commission on securities and the stock market of Ukraine of May 30, 2013 No. 932

Regulations on procedure for dematerialization of personalized securities

I. General provisions

1. This Provision establishes operations procedure of participants of depositary system in case of adoption by the issuer of the decision on the transfer of release of personalized securities of documentary form of existence to undocumented form of existence.

2. Action of this provision extends to securities depositories, keepers of securities, registry holders, owners of securities and issuers of rather personalized issued securities, except for shares and investment certificates of mutual investment funds.

3. Replacement of the registration certificate of release of personalized securities in connection with adoption by the issuer of the decision on the translation of release of the personalized securities issued in documentary form in undocumented form is performed according to the procedure, established by the National commission on securities and the stock market (daleekomissiya).

4. In this Provision terms are used in such values:

date of accounting - acceptance date the issuer of the decision on the translation of release of personalized securities from documentary form of existence in undocumented form of existence (further - the decision on dematerialization) on which the register of owners of personalized securities and nominee holders for the purpose of their personal message on the made decision on dematerialization is constituted;

date of the termination of maintaining the register of owners of personalized securities (further - date of the termination of maintaining the register) - the date determined by the issuer according to requirements of this provision after which carrying out any transactions in system of the register of owners of personalized securities is not performed and on which the register of owners of personalized securities and nominee holders is constituted;

dematerialization of release of personalized securities (further - dematerialization) complex of actions for transfer of release of personalized securities from documentary form of existence in undocumented form of existence.

5. Actions of securities depositories, National depositary of Ukraine (further - National depositary) and the keepers connected with dematerialization belong to depository activity of securities depository and depository activity of the keeper of securities respectively.

6. Actions which are performed by registry holder in case of dematerialization belong to activities for maintaining the register of owners of personalized securities.

7. After deposition of the global certificate the circulation of personalized securities of the release which is drawn up by this global certificate is performed only in the form of accounting records on accounts in securities in National depositary and at keepers - clients of National depositary.

8. The circulation of personalized securities of release which dematerializovatsya with use of certificates of securities after date of deposition of the global certificate is not allowed.

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