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THE AGREEMENT BETWEEN COMMITTEE ON SECURITIES UNDER COUNCIL OF MINISTERS OF THE REPUBLIC OF BELARUS AND STATE COMMISSION UNDER THE GOVERNMENT OF THE KYRGYZ REPUBLIC ON THE SECURITY MARKET ABOUT THE COOPERATION IN THE FIELD OF EXCHANGE OF INFORMATION ABOUT THE CONDITION OF THE SECURITY MARKETS OF THE REPUBLIC OF BELARUS AND THE KYRGYZ REPUBLIC

of June 20, 2002

Committee on securities under Council of Ministers of the Republic of Belarus and State commission under the Government of the Kyrgyz Republic on the security market (further - the Parties),

attaching importance to deepening of economic cooperation between the Republic of Belarus and the Kyrgyz Republic,

proceeding from common interests of exchange of information about issue and security circulation, activities of professional participants of the security market and stock exchanges,

for the purpose of protection of interests of investors, issuers and creation of conditions for effective market development of securities,

agreed as follows:

Article 1

For the purposes of this agreement security is any issued security recognized that issuer in the country, issue and which address are regulated by legal acts of the states of the Parties of placement and the address.

Article 2

For the purpose of operational exchange of information about the security markets of the Party quarterly represent each other changes and amendments to the following information:

1. List of state bodies security market of the states of the Parties (name, summary of functions, location).

2. The parties also annually submit each other annual statements of the organizations authorized by the legislation of the states of the Parties to regulate the security markets.

3. The list of the registered issues of open joint stock companies.

4. Data on transactions in the security market (including security quotations, release conditions, number and amount of transactions in the secondary market) on open joint stock companies, banks, insurance and other organizations.

5. List of the unions, associations of professional participants of the security market (full name, location).

6. The list of the professional participants performing broker activities including the banks which are engaged in broker, dealer activities (full name, the location).

7. List of investment funds (full name, location).

Article 3

The parties perform exchange of information about condition of the security markets of the Republic of Belarus and the Kyrgyz Republic, using means of technical communication.

Article 4

Officials of contracting parties which owing to the provision got information access belonging to the member of the security market or securities, cannot use this information for the purpose of the personal benefit or transfer to her third parties, except as specified, provided by the national legal system of the states of the Parties and also cannot give on the basis of this information advice to the third parties on security transactions. In case of violation of these requirements responsibility of specified persons comes according to the legislation of the state of the Party under which jurisdiction they are.

Article 5

1. The parties have the right:

on receipt of the additional information concerning development and regulation of the activities of the stock market which are not stipulated in this agreement based on the written request;

if necessary, based on the written request to assist in receipt of information from other state bodies of the Republic of Belarus and the Kyrgyz Republic.

2. The parties shall:

provide only reliable information;

provide maintaining confidentiality of information concerning which it was approved that it has confidential nature.

Article 6

The cooperation between the Parties is performed on the principles of equality, openness, mutual assistance and completeness of information.

The cooperation of the Parties is performed on a grant basis.

Article 7

Additions and changes which are drawn up by the separate protocol which is integral part of this agreement can be made to this agreement.

Article 8

This agreement becomes effective from the date of its signing and is effective within 3 (three) years. Its action is automatically prolonged for the subsequent three-year periods if any of the Parties at least in three months prior to the end of the corresponding period of action of this agreement does not notify in writing other Party on the intention to terminate this agreement.

It is made in Minsk on June 20, 2002 in two authentic copies in Russian, at the same time both copies have identical legal force.

 

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

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