RUSSIAN FEDERATION

FEDERAL LAW

About Central Depository

Adopted by the State Duma style="mso-spacerun:yes"> 17 November 2011

Approved by the Federation Council style="mso-spacerun:yes"> 29 November 2011

(in Ed. Federal July 28, 2012 N 145-FZ-

Russian Law Assembly, 2012, N st.

4334; Federal Act of December 29, 2012 N 282-FZ-Assembly

Russian federation legislation,  2012, N 53, st. 7607;

Federal Law style="mso-spacerun:yes"> 2 July N N 185-FZ - To Collection

legislation Russian  The Federation, 2013, N 27, st. 3477;

Federal Law of 23 July 2013 N 251-FZ  -   Meeting

legislation Russian  Federation, 2013, N 30, st. 4084;

Federal Law of 29 June 2015 N 210-FZ  -   Meeting

legislation Russian  Federation, 2015, N 27, st. 4001;

Federal Law 13 style="mso-spacerun:yes"> July 2015 N 231-FZ  -   Meeting

Russian legislation, 2015, 4357)

Chapter 1: General provisions

Article 1: Subject of regulation of this Federal

of the law

This Federal    set the features

legal position and depot activity

order of assignment to central depository, and

controls and   control of central

depository (where Federal Act of 23 July 2013 N 251-FZ

Law Assembly of the Russian Federation, 2013, N 30, Text

4084).

Article 2. Central Depository

Central Depository - depot,

non-bank credit organization  and with status

Central of the in the matches with this Federal

law

Chapter 2: Central Depository Requirements

Article 3: Organizational and legal form of central

depot

Central depot  can only Shareholdings

company, created by legislation style="mso-spacerun:yes"> Russian

Federation.

Article 4: Shareholders of Central Depository

1. The central depository's shareholders can be Russian

legal faces being folder managers

investment funds,   investment investment and

non-State pension funds, professional participants

market of securities style="mso-spacerun:yes"> and clearing

organizations, , and Other

central depository.

2. Central depositary action may not be passed in

trust management

3. if of the central of the

complies with requirements of this Federal Law or Statute

central depository, it must sell owned shares

requirements OF THE RUSSIAN FEDERATION

later than one year from the date to which  or should

see about so If the specifiedis not met

Requirements of such a shareholder in court on the claim style="mso-spacerun:yes"> central

depositary is denied permission style="mso-spacerun:yes"> general meeting of shareholders

central depository and owned by this shareholder 

of the general Shareholders

central depository and  counting votes in the general meeting

Shareholders of the Central Depository.

Article 5: Central Depository Management Bodies.

CentralUser Committee

depot

1. central the depositories must be  formed

next controls:

1) Board of Directors (Supervisory Board)

2) a collegiative executive body;

3) Single Executive Body.

2. Central Depository Management can

see only face, tertiary (in

Federal Law style="mso-spacerun:yes"> July 2013 N  185-FZ To Collection

Russian legislation, 2013, N 27, sect. 3477).

3. DepotDepot

may include:

1) public or municipal employees,

Employees Central of the Bank style="mso-spacerun:yes"> Russian Federation (hereinafter-Bank

Russia), for excluding cases Federal

laws;

2) Persons style="mso-spacerun:yes"> the function alone

executive of the or in composition

executive or

Internal Auditing style="mso-spacerun:yes"> of the company

mutual funds, equity investment funds style="mso-spacerun:yes"> and

non-State pension     funds, specialized

Depot Depot of    investment funds, of stock

investment and non-state funds,

stock investment  Foundation, of the participant

securities market, credit institution,  Insurance organization,

clearing organization, of the trade organizer at the time of the violations

these organizations of licensing requirements and conditions for which

were invalidated by (revoked)

corresponding kinds of  Activity, or in excitation

case style="mso-spacerun:yes"> bankruptcy, if with   

revocation (feedback) or discontinua production by

bankruptcy case less than three years old;

3) for whom the term has not expired which

they are considered subjected to  the administrative

disqualification;

4) persons who have a priors for in in

economic activity or crimes against state

authority;

5) faces qualified certificate,

if less than three years have passed since the cancellation.

4. The parts 2 and 3 of this article are subject to

also for the time-sole executive style="mso-spacerun:yes"> alternates

person of the function Single Executive Body

Central Depot, , and central of the master

depository.

5. Central Depository not later than the next day

after Election of the (destination) or termination of a person's authority

part of the central depositary, a

, of the  Part of 4 of this

send to the Bank Russia, contains information about these

Federal Act of 23 July 2013 style="mso-spacerun:yes"> n 251-FZ

Assembly Legislation of the Russian Federation, 2013, 30, st.

4084).

6. The [ [ Bank of Russia]] directs to central   depot

about removing the requirements

Federal of the law,  the to members of in

controls  Depot's central or to

envisaged Part 4 Since getting

specified person's order style="mso-spacerun:yes"> members

controls  Depot's central

specified requirements, cannot participate in meetings

these organs. When is not style="mso-spacerun:yes"> in

determining the quorum of for   meeting of the collegial

executive of the  the central of the and to accept

decisions on his competence (in the Federal Act) from

23 July 2013 g. N 251-FZ-Legislative Assembly of Russian

Federation, 2013, N 30, st. 4084).

7. Central the depot must create

central depository services users. To the specified committee

cannot include central depository employees. Not less than three

quarters of this committee should be representatives of the depositors

central of the depot.  Additional requirements to order

forming a central service user committee  depot

defined by Bank of Russia  Federal Act of 23 July

2013 . N 251-FZ- Russian National Assembly (Russian Federation)

2013, N 30, article 4084).

Article 6: The executive bodies of the central depository

1. to requirements, installed by Parts 2 and 3

Articles 5 of this Federal law, members

executive body, face,  Implementing Single Window

executive of the  (a temporary executive

organ) central depot,     must match

qualifying requirements, established by the Bank of Russia (in style="mso-spacerun:yes"> red

Federal Law style="mso-spacerun:yes"> July 2013 N  251-FZ Collection

Russian legislation, 2013, N 30, sect. 4084).

2. Powers of the Single Executive Body of Central

(temporary sole executive authority) Can

implement only the central of the depot,

specified authority is not can be passed on

commercial of the    (organization control) or

individual entrepreneu (manager)

Article 7. Internal audit and internal audit

in a central repository

1. The central depository is obliged to organize and

internal audit and internal audit.

2. For , and of the inner   Control

central depositaries assign control to or

form separate    subdivision (service

internal control). Controller ( Internal

control) is assigned to and  is released from

single implementing   The Depot Central of the central

Controller ( Services Supervisor  control internal

Single executive authority of the central depository.

3. For , and of the inner  

central depositaries must assign an internal auditor to the or

form separate    subdivision (service

internal audit).  Internal auditor (Service Manager

internal audit is assigned to style="mso-spacerun:yes"> and free from

of the (tip )

Internal auditor  ( Internal audit

Reports to the Board of Directors (the Supervisory Board)

4. Internal control order

audit is set to   internal documents central

depot as required by statutory acts style="mso-spacerun:yes"> Bank

Russia.

(Art. 7 of the Federal Law of 29 June 2015 g

210-FZ -Collection of Russian legislation, 2015, N

27, Text 4001)

Article 8: Manage Risks in the Central Depository

1. Central The depot is required to organize control

risks, related with its activity

must match the size and nature of its  operations.

Central depot   must approve control rule

risks, related to the implementation of its activities, and assign

official face  responsible for managing such risks, , and

(or) form    corresponding separate

unit.

2. Risk Management Rules, By

Implementation

central activity   Depot, must define measures

mitigating operational and other risks, in volume

measure on enforcing style="mso-spacerun:yes"> uninterruptible functioning

ProgramsTechnical Tools for for implementation

central activity    Depot, measures, on

decrease risks, emerging

Central with activities, measures,

accepted central  by the depot,

emergency circumstances,    which can prevent

normal operation of a central depot,  and

directed on to provide style="mso-spacerun:yes">

activity

Article 9: Internal Depository Documents

1. The (board board

depository must approve the following internal documents:

1) of the     activity

central depository;

2 internal audit rules Central Depository, plan

Internal style="mso-spacerun:yes"> audit of depot,

internal by in the corporate control in the central

Depository Federal Law of June 29, 2015. N 210-FZ

Russian Federation Law Assembly, 2015, N 27, Text

4001);

3) Internal control targets

legalization (laundering) of revenues, style="mso-spacerun:yes"> criminal by, , and

Terrorist Financing;

4) Central Depository Code of Professional Ethics;

5) e- style="mso-spacerun:yes"> interactions, including formats

Messages Used by the Central Depository;

6) commit the workflow operations

Implementing a depositary activity of a central depository;

7) governance rules style="mso-spacerun:yes"> risks, related with implementation

central depository activities;

8) Security rules style="mso-spacerun:yes"> and center rule rules

;

9) a document that defines the complaints

client requests;

10) tariffs style="mso-spacerun:yes"> central depository services, related to

performing security operations, in  relationships

open of the front account style="mso-spacerun:yes"> nominal

Depot or in is   by the person

Implementing Mandatory Central Securities;

11) position style="mso-spacerun:yes"> central

depository.

2. Internal documents, under items 1, 5-7, 9 and

10 of Part of this Article, can be submitted for consideration

Board of Directors (Supervisory Board) of the Central Depository

only under of the their consideration by a user service committee

central depository.   if

approved internal document, This document can be approved

a decision by the board of directors (observatory) style="mso-spacerun:yes"> tip) central

depository is not style="mso-spacerun:yes"> two members of the board

Directors (Monitoring Board)

3. Internal Depot Depot

set discriminatory conditions for the depositors.

4. Internal documents, under items 1 to 8, 10 and

11 of Part of this Article,

reconcile with the Bank of of Russia.  The internal documents and

changes do not take effect until the changes are made like

reconcile (ed.) of the Federal Law from July 2013 N

251-FZ -Collection of Russian legislation, 2013, N

30, article 4084).

5. Internal internal documents

items 1 to 8, 10 and 11 of Part 1 of this  Articles, are implemented

assigned to status   Depot Central

changes to the specified documents are in order and

dates that are set to Bank of Russia (in Federal

law of July 23, 2013 N  251-FZ - Law Collection

Russian Federation, 2013, N 30, est. 4084).

6. Central The depot must approve

on corporate

match the requirements, with the statutory regulation Bank

Russia. The specified document asserted by

(Supervisory board) of the central depository (Part 6) entered

Federal Law of 29 June 2015 N 210-FZ  -   Meeting

legislation Russian  The Federation, 2015, N 27, st. 4001,

takes effect December 29, 2015.

Article 10: Modalities for the implementation of depository activities

central repository

1. Activities of Depositary Activities

central depositaries must define:

1) The conditions for opening accounts in the central depositaries;

2) list of operations,  by the central depository, a

also the grounds, order, and date of occurrence;

3 forms of contracts, the central depot in

relations with depositors;

4 documents,

reponents

central depository;

5 samples documents,

reponents

central depository;

6) Order Depository Deposits of the Central Depository

statements from their accounts

7) Order of and report

operations conducted by their accounts

8) Order of the cricket, including time

daily reconciliation, with the person in the registry

owners of securities registry), in which the central

Depository front account for nominal holder of central

depository;

9) Other positions of the Federal

Law and Regulatory Bank of Russia acts (in the Federal

law of July 23, 2013 N  251-FZ - Law Collection

Russian Federation, 2013, N 30, est. 4084).

2. Central The depositary is obliged to notify its clients of

all conditions of   activity

Central Depot not for 10 days before the date

entering into force.

3. Activity of the activity

central depository must be provided by on query

interested for pay, not greater than

making.

Article 11. Code of Professional Ethics of Central

depot

1. The Depot's Code of the Depot Code

must contain a list of procedures that provide:

1) Identify and prevent conflict of interest;

2) preventing  

employees of the central  of the information depot in

central depository instructions;

3) protection of commercial and other secrets protected by law;

4) Compliance with other professional ethics standards.

2. (Supervisory Board)

Central of the  The professional code of ethics

expose in matches with the requirements of Article 17 of the present

Federal Law

Article 12: Features of the electronic interaction

1. Central depot, its clients (depositors), and

person, who run registry, required for interaction

friend with Implement style="mso-spacerun:yes"> exchange and documents in

electronic form.

2. If you are using the central with the

enhanced

qualified electronic signature on your system online

interactions are required to use at least two 

centers, one from should not be an affiliate

person.

Article 13: Workflow and workflow

central repository

The order of the  Workflow and

Depot must contain the document rule

parts of a central depository, rules by demarcation

authority to processing,  storage and then to use

documents.

Article 14. Information Security Rules Central

with the

1. Central The depot must provide

Confidentiality of account information and customer operations.

2. Policy for Information Security in the Central Depot

provide procedures for  

central employees    the Depot,

other persons.

Article 15. Native Capital Requirements

depot

Minimum size central

must be at least four billion roubles.

Article 16. Liability insurance

depot

The central depositary has the right to insure the risk liability

for violation of responsibilities style="mso-spacerun:yes"> by a central depot

depository.

Article 17. Disclosure of central activities

depot

1. Central The depositary is obliged to provide free access

to see the specified in  to all

interested in for this person regardless of the purpose of such a

information.

2. Central The depot must provide detection

next information and documents:

1) of the central depository statute;

2) of     activity

central repository and changes made to them

3) Annual Report the central of the application

audit opinions style="mso-spacerun:yes"> relation to the annual report

annual accounting   (Financial) of the CentralReporting

depository, also in relation contained in specified annual

report its consolidated financial reporting;

4) about central

depository;

5) decisions taken by the services

central depository;

6 of the operating system report audit, provided for in Article 19

true Federal Law;

7) tariffs for central depository services;

8) inventory of the trade,

depositary function of counter depository;

9 specification of style="mso-spacerun:yes"> operations

software and technical tools,    that provide activities

central depository in case of infringement of their functioning, in

volume due to force majeure;

10)    Centralshareholders

depository if it is imprisoned;

11) other information that has been disclosed Present

Federal Law and Regulatory acts  Russia Bank (in

Federal Law style="mso-spacerun:yes"> July 2013 N  251-FZ Collection

Russian legislation, 2013, N 30, sect. 4084).

3. Information, of the part of 2 of this  articles,

exposed central  by the location's by the

official site       Depot's central in

information and telecommunications networks  (in in in the network

Internet) .

Article 18. Central Depository Reporting

1. Annual Accounting (Financial) Report of the Central

depository, and its consolidated  financial

must be audited.

2. The central depository auditor not can

affiliated face.

Article 19. Operational Audit

Central Depository Not less one time every two years

perform operational audit matches international

systems style="mso-spacerun:yes"> service organizations (hereinafter-

operational audit).

Article 20. Reorganization and liquidation limitations

central repository

1. Depository Central only

if authorized by the federal executive  in

The areas of financial markets and the Bank of Russia. Order and Receive Date

permission is set by Bank 

(Ed. of the Federal Act of 23 July 2013) N 251-FZ-Assembly

Russian legislation, 2013, N 30, sect. 4084).

2. Central does not have the right to accept the decision style="mso-spacerun:yes"> o

voluntary elimination

Chapter 3: Assigning a central depository status

Article 21. Assigning a central depository status

Central   The Depot can be

legal to the person style="mso-spacerun:yes"> meets the requirements of this

Federal Law, Other federal laws of in

matches with    rules of acts, has the license

Implementing depository activities on the market style="mso-spacerun:yes"> and

which is (the predecessor) at the time of application for

assigning the status of to the central  Depot < three

implemented counter function Depot (under Ed. Fed)

law of July 23, 2013 N  251-FZ - Law Collection

Russian Federation, 2013, N 30, est. 4084).

Article 22: { \cs6\f1\cf6\lang1024

}

CentralAssignment Order

depot

1. Setting Central Depository Status

Bank Russia in the order, provided by

Law and regulations of the Bank of Russia   (in Federal

law of 23 July 2013 N 251-FZ-Legislative Assembly

Russian Federation, 2013, N 30, est. 4084).

2. For the acquisition of of the central status of the

applicant submits to Bank Russia  corresponding declaration,

documents, provided by   article 9 of this Federal

law, report style="mso-spacerun:yes"> audit, other documents,

normative   of the Bank of the Russian Federation (in

Federal Law of 23 July 2013 N 251-FZ  -   Meeting

Russian legislation, 2013, N 30, sect. 4084).

3. assignment of status   central

Depot Bank of Russia style="mso-spacerun:yes"> performs compliance check

crawler requirements  The Federal of the Law, Other

Federal laws and accepted normative

acts, including validation of information contained in in

documents (in Federal Law of July 23

2013 . N 251-FZ- Russian National Assembly (Russian Federation)

2013, N 30, article 4084).

4. Assignment of or Denial

status of central is hosted by the Bank of Russia in date,

not greater than four months style="mso-spacerun:yes"> feeds

statements, documents and information that are part of 2

true article of Federal Act of July 23, 2013 style="mso-spacerun:yes"> N

251-FZ -Collection of Russian legislation, 2013, N

30, article 4084).

5. in assignment of style="mso-spacerun:yes"> central

depositary:

1) due to

requirements of

Federal Law, Other federal laws of in

compliance with them enactments acts (in the red. Federal

law of July 28, 2012 N  145-FZ - Law Collection

Russian Federation, 2012, N 31, st. 4334; Federal Act of

23 July 2013 N 251-FZ-  Russian Law Collection

Federation, 2013, N 30, st. 4084);

2) because of untrusted  in

documents presented by the applicant;

3) if you have a person's conclusion,  of the operating

audit, o nonconformance applicant software tools

central depository functions;

4) in a status case of a central depository of another)

legal entity

6. The person's legal person style="mso-spacerun:yes"> status

central depot, , and  official in

information and telecommunications networks  (in in in the network

Internet) are posted on the official site of the Bank of Russia style="mso-spacerun:yes"> in

information and telecommunications networks  (in in in the network

Internet) (to the red. Federal Act of 23 July 2013 N 251-FZ

Law Assembly of the Russian Federation, 2013, N 30, Text

4084).

Chapter 4: Central depository activities

Article 23. Safe-deposit activities of the central

depot

Central depot       performs a depositary

activity, in counter-depository, in

compliance with Federal Act of 22 April 1996 N 39-FZ

About the Securities Market style="mso-spacerun:yes"> with considerations

true Federal by law style="mso-spacerun:yes"> and in accordance with it

The Federal Law of the Bank of Russia (the Federal Law of the Russian Federation) 23

July 2013 N 251-FZ - Law of the Russian

Federation, 2013, N 30, st. 4084).

Article 24. Front Account of the Nominal Holder

Depot and other central depository accounts

1. account holder of the central

Depot in of the only

Depot. This is the in registries in parts of  2   and 3

true article, cannot open the front account nominal

, for excluding account of the nominal holder

central depository.

2. The owners of of the issuer's { \cs6\f1\cf6\lang1024 } { \cs6\f1\cf6\lang1024 }   required

expose (supply) information to the matches

with Article 30 of the Federal  The law of 22 April 1996, N 39-FZ

"About the Securities Market ", opens the front account

central-depository Holder.

3. In the owners of the investment or registry

Mortgage certificates

owners open front account

nominal holder of the central  Depot, if rules

trust management   the investment investment or

rules of of trust    mortgage management

provided for   such on

tendering.

4. After registering of the security or registration

changes, made  trust { \cs6\f1\cf6\lang1024 } { \cs6\f1\cf6\lang1024 }

investment by the or in the control of the trust

sub-prime coatings, which provide an opportunity accesses

investment or

organized tendering, style="mso-spacerun:yes"> registry

owners of the specified paper, is not right to open the front

account of nominal holders,

nominal depository Holder, and Enroll Securities

paper to front nominal s

central depository, except in cases of enlistment

with the conversion or placement of stocks by their distribution style="mso-spacerun:yes"> among

shareholders. on demand of the central depository of the person,

maintenance  registry, must open central

Depot front account central

or make appropriate changes to the front account

nominal holder.

5. account holder of the central

Depot can be

activity on the Maintenance style="mso-spacerun:yes"> registry

licenses, including a specialized depot and Issuer

Russian of depository  Slist. Face,

registry, must open the holder's of the holder

central depository for its request.

6. Central may not to the right to do  actions,

directed to children's account  Holder's nominal

open in the depot, , or on Accounting for Securities Accounting

of the active person style="mso-spacerun:yes"> others

Central Depot in a foreign organization, securities,

records rights in  the registry on the front account

nominal of the  Depot's central

central   the depot is required

centralized storage

7. In registries, not part of 2 and 3 

Articles, central  the depot can be the front account

nominal holder.

8. Central to the right to open in 

organizations with a place in the Member States

Economic and development (OECD)

members or observers of the Financial Action Task Team

Money Laundering (FATF) and (or) members of the Committee of Experts of the Council

Europe by style="mso-spacerun:yes"> money-laundering

financing of terrorism  (Manivel), , and/or members of the One

economic space,  or in foreign organizations

place of the in the States, with appropriate

(corresponding organizations) of which  The Bank of of the Russian Federation

agreement that provides the order of their interaction, account of the person,

for other faces,  for rights

papers (rev. Federal Act of 29 December 2012 N 282-FZ-

Russian Law Assembly, 2012, N 53, st.

7607; Fed of Law 23 July 2013 N 251-FZ-Assembly

Russian legislation, 2013, N 30, sect. 4084).

Article 25. Depot accounts opened by the central depository

1. The Central Depository opens the account for owners

securities:

1) Russian Federation, Federation

municipal entities in the

organs or organizations

2) Bank of Russia

3) professional participants in the securities market style="mso-spacerun:yes"> paper, credit

organizations (in style="mso-spacerun:yes"> Federal Law July 23, 2013

251-FZ-Legislative Assembly of the Russian Federation, 2013, N

30, article 4084);

4) managing companies style="mso-spacerun:yes"> investment funds, soles

investment funds and non-state pension funds;

5) Other persons provided, delegation authority

for debating the appropriate account

Professional to a securities market or to the Bank of Russia (in

Fred. Federal Act of July 28, 2012 style="mso-spacerun:yes"> n 145-FZ -

Russian legislation, 2012, N 31, article 4334).

2. Central Depository opens accounts for trust

securities manager:

1) The Bank of Russia, if in under the Federal Act

10 July 2002 N 86-FZ " Central Bank of the Russian Federation

(Bank of Russia) " has the right  trust control

securities;

2) professional    market participants

securities management;

3) managing companies style="mso-spacerun:yes"> investment funds, soles

investment funds and non-state pension funds.

3. The Central Depository opens the account of the nominal

Holder for Depository Activities

4. Central , the depot opens a foreign account

nominal of the   the following list,

approved by the Bank of Russia, organizations (in

Federal Law of 23 July 2013 N 251-FZ  -   Meeting

Russian legislation, 2013, N 30, sect. 4084):

1) which are international centralized systems

accounting for securities and/or securities;

2) which are their their   by law

Central and (or) recalculate value

Foreign Stock style="mso-spacerun:yes"> exchanges or

other regulated markets, or are clearing by results

such trades.

5. Central , the depot opens the account of the depot

provided by the Federal Act of 7 February 2011 N style="mso-spacerun:yes"> 7-FZ

" About Cliring and "clearing activity required for

clearing the clearing.

6. Central may not to refuse in open

debit accounts of this Federal Law, (...) (...)

corresponding requirements   The Federal

implementation of  central Depository

depot, except 

laws

7. The central depository is entitled to open treasury accounts

debit-issuer (person with securities) and accounts that

not targets for rights on security, including

emission account and accounts unknown (in Federal

law of 28 July 2012. N 145-FZ-Legislative Assembly

Russian Federation, 2012, N 31, est. 4334).

Article 26. Software Requirements

central depository activities

1. The Software-Technical of the Depot Central

must match the nature and scope of its operations, and

also provide uninterruptible  activity and Preservation

data, including backing up.

2. The central depository must have the main and backup

software-technical  must be

are located on the territory of the Russian Federation.

3. Central The depot has the option to

provided in Russia's Bank style="mso-spacerun:yes"> documents, and

Get from Russian electronic documents in

order, by the Bank of Russia (Part 3 introduced by Federal

of 13 July 2015 N 231-FZ-Law Assembly

Russian Federation, 2015, N 29, st. 4357, takes effect from 9

February 2016).

Article 27. Other central depository activities

1. Central Depository to Right, if not set

federal laws, implement other activities, in

number of clearing  activity,

issuers,   investmentcompanies

funds, mutual funds and non-state pension funds

funds and Other persons, to expose to

compliance with federal  laws, assign international

identity codes   Russian valuable and

implement bank  operations and in the deal

legislation Russian  Banking and the bank

with accounting style="mso-spacerun:yes"> restrictions, of

Law

2. Central Depository must Recorder

Provide Services by backup of the owner registry

securities.

Article 28. Limitation of the activities of a central depository

Central Depository is not right:

1) act as a central counterparty;

2) cash in loan (in credit), as well

securities;

3) place money and in 

credit organizations and foreign banks

complies with Bank of Russia requirements for these organizations,  in

which a central depository is entitled to allocate money;

4) fulfill their obligations or commitments of third faces

with the security of the depositors, and the use of securities

as the security  obligations of or

third party obligations without the consent of the depositors;

5) accept on self commitment to enforcement

third-party obligations;

6) execute the right to vote on shares and other securities,

records rights to which it exercises, at its own discretion;

7) act as a founder (participant) in organizations,

organizational-legal form   with expected

property responsibility of the founder (participant);

8) implement trust management;

9) perform the activity of the certifying center.

Article 29. Reconciliation between central depository and person records

conducting inventory

1. For

account of the nominal central depository Holder in the registry to

each security operation on the front account style="mso-spacerun:yes"> nominal

central depository Holder, if within Afternoon

operations were not performed, at least once in the day

time, a certain implementation

Central Depot Activity, Central a depot for

person responsible for style="mso-spacerun:yes"> registry, must perform cricket

stock records on  The face of the account

central  The Depot ( )

Central depot with implementation  matching records

set to match  in all accounts

decs that it leads, quantities securities on the front account

nominal custodian in the registry.

2. If Crictions

records committing records on the front account of a nominal holder

central depository, including error rectification

in the front account of the nominal holder depositary,

is executed by by the face,  of the registry, only

central repository consent.

3. account     of the holder

Central of the in the registry, perfect execution

operations in registry without  and (or) records

{ \cs6\f1\cf6\lang1024 } { \cs6\f1\cf6\lang1024

}   have no legal force or

has legal implications, including all subsequent records in

registry. This is the persons, on the front account or account for which

were enlisted valuable paper, not are recognized in good faith

purchaters and is not style="mso-spacerun:yes"> list  persons

rights for these securities.

4. to the reconciliation

inconsistencies in face  the holder's account nominal

Central of the   Valid recognize

results from previous reconciliation of records.

5. If you cannot resolve the identified non-conformations

front account of nominal center depositary

central depositary is required to  notify to this Bank of Russia (in

Fred. Federal Act of July 23, 2013 style="mso-spacerun:yes"> N 251-FZ -

Russian legislation, 2013, N 30, sect. 4084).

6. The person of the registry, in open

front nominal of the  Depot central

Central depot   are responsible for approved

violations, including errors due to Technical

faults, according to Russian legislation.

7. The person who performs the inventory is reporting on

owners of security style="mso-spacerun:yes"> issuer or face, required by value

papers, for rights on securities, confirmed

Central by the Depot style="mso-spacerun:yes"> parts of

refusal by a central depositary to confirm the data

represents the corresponding data that is confirmed by the issuer or

The

person, of the required security. Issuer or person required to

valuable paper, securities liabilities,

is accounted for on the front account of the nominal  of the holder of the central

depository, based on data that is confirmed central

depositary.

8. The or of the person whose required securities are not

Liability for Damage Caused by the Central Depository.

Article 30. Write-off of the front account (enlistment)

security on the front account) nominal

central registry holder in the registry

1. The account style="mso-spacerun:yes"> nominal

central  the Depot in the registry when it is written off

other front account or write-offs of security with style="mso-spacerun:yes"> accounts

nominal of the holder Depot on Enrollment

in another account is  orders

Central of the and face, on the front account

which is enrolled (from the account to be cleared)

paper, for excluding write-offs of

accounts of the nominal holder of the central depository for:

1) Purchasing or Redemption of Hosted name

paper;

2) Syndication or shares

voluntary, in volume number of a requirement

clauses according to Chapter XI-1  The Federal Act

26 December 1995 N 208-FZ "On joint-stock companies", includes

buying on requirement has acquired

95% of Open Joint Stock Company;

3) termination    of the depositary of the central

Depot or Other (trust

controls) security.

(Part 1 Federal Law from 29 June 2015 N

210-FZ -Collection of Russian legislation, 2015, N

27, Text 4001)

1-1. Enrollout of valuable paper on the front account  Rated

central  Depot or decommisation

specified account in cases not provided for in Part 1 style="mso-spacerun:yes">

articles, implemented by   and in order,

provided by Regulatory acts of  (part of 1-1 introduced by Federal

Law of July 28, 2012 N 145-FZ  - Legislative Assembly

Russian Federation, 2012, N 31, st. 4334; in red. Federal

law of July 23, 2013 N  251-FZ - Law Collection

Russian Federation, 2013, N 30, est. 4084).

2. Upon write-offs of the security of the account of the { \b } account  (enrollments)

securities on nominal central-holder

depot in the registry owner 

valuable of paper is not style="mso-spacerun:yes"> should change, for exceptions

acquisitions, purchases, and sales by the issuer of style="mso-spacerun:yes">

paper, and also buying or shares of in  associations  

voluntary,  in number or

mandatory clause according to Chapter XI-1 Federal

Act of 26 December 1995 N 208-FZ "On joint-stock companies",

or security rights in order inheritance

or reprimanded. Violation  this requirement of does not

is based on for (enrollments)

invalid (in the Federal Act of July 28, 2012) style="mso-spacerun:yes"> N

145-FZ -Collection of Russian legislation, 2012, N

31, , 4334; Federal Act of June 29, 2015 N 210-FZ-

Assembly Legislation of the Russian Federation, 2015, N 27, st.

4001).

3. { } { \a } { \a } style="mso-spacerun:yes"> frontaccount

(Enrollment of securities on the front account)  Holder's nominal

Central of the   must contain

(names) faces,   that is the owner of (trusted

controls) of these securities, except in the cases specified in

points 1-3 of Part 1 style="mso-spacerun:yes"> and 1-1 of this article  (in  

Federal Law style="mso-spacerun:yes"> July 2012 N  145-FZ Collection

legislation Russian  The Federation, 2012, N 31, st. 4334;

Federal Law style="mso-spacerun:yes"> June N  210 FZ Collection

Russian legislation, 2015, 4001)

Article 31. Deponents ' access to billing data

Central depot  must provide for your exponents

fixed access to their account details in electronic form.

Chapter 5: State regulation of activity

Central Depository and Supervision

for specified activity

(name in ed.  The Federal Law of July 23, 2013.

251-FZ-Legislative Assembly of the Russian Federation, 2013, N

30, article 4084)

Article 32. Bank of Russia powers

(name in  Federal Law of 23 July 2013 N

251-FZ -Collection of Russian legislation, 2013, N

30, article 4084)

The Bank of Russia is implementing regulation and [ [ control

activity of the central depository according to Fed

Act of April 22, 1996 N 39-FZ " O market style="mso-spacerun:yes"> and

true Federal by law, including (in Federal

law of July 23, 2013 N  251-FZ - Law Collection

Russian Federation, 2013, N 30, est. 4084):

1) regulates the activity of the central depository,

receives normative acts, requirements

Central Depot Depository (in the [ [ Federal Reserve]]) style="mso-spacerun:yes">

dated July 23, 2013 N 251-FZ-Legislative Assembly Russian

Federation, 2013, N 30, st. 4084);

2) assigns a central depository status;

3) sets   requirements for internal documents

central depository, to reconcile according to c

true Federal Law, including the requirements of the to rules

risks,   Linked with Activities

Central Depot (in the Federal Act) style="mso-spacerun:yes"> 23 July

2013 . N 251-FZ- Russian National Assembly (Russian Federation)

2013, N 30, article 4084);

4) sets   additional requirements of order

forming a central depository services user committee

5) performs     internal documents

central depository, to be reconciled according to c

true Federal by law, and set

alignment;

6) defines the central information

depository, including order and timing of its disclosure;

7) sets the amount, order, date, and form of the view in

Russia reports, and notifications

Depot (in style="mso-spacerun:yes"> Federal Law July 23, 2013

251-FZ-Legislative Assembly of the Russian Federation, 2013, N

30, article 4084);

8) accepts  Federal measures

directed on  Prevention, detection and suppression of violations

requirements of this Federal Law and adopted according to

The Bank of Russia'snormative acts with it (to the red. Federal Act of the Russian Federation

23 July 2013 N 251-FZ-  Russian Law Collection

Federation, 2013, N 30, st. 4084);

9) performs style="mso-spacerun:yes"> the central depot

Russian legislation requirements;

10) directs to central for the depot,

mandatory for execution,   also prompts for

required to resolve issues that are within the purview of the Bank

Russia. Bank of Russia's orders and requests are routed through

mail, fax, or delivery to a recipient or

in form of electronic document, signed enhanced

qualified electronic signature  in order, installed

Bank of Russia. When sending directions and requests from the Bank Russia

in form of electronic and requests

considered received by expiration of one business day from the day

destination in order, set by the Bank Russian, at

condition, that the Bank of Russia received confirmation of receipt specified

requirements and requests in the order they prescribed (para. 10  entered

Federal By Law style="mso-spacerun:yes"> July 2015 N  231-FZ Collection

legislation Russian  The Federation, 2015, N 29, st. 4357,

takes effect from February 9, 2016.

Chapter 6: Final provisions

Article 33. Final provisions

1. The central one year c

central depot status assigned to him style="mso-spacerun:yes">

actions, required for open of nominalaccounts

central    The Depot for

corresponding changes of by

Holder:

1) in all registers issuer

must implement  drill-up (provision) in

conformity with style="mso-spacerun:yes"> 30 Federal Act of 22 April 1996

year N 39-FZ "About the security market";

2) in all inventories investment of or

mortgage certificates  participation, if trust rules

management of the    investment or by rules

trust management   mortgage

ability to access such securities in organized trading.

1-1. Central Depository must one

of assignment status of the Central Depository Status

activity in

Federal Law (Part of 1-1 introduced by Federal Law 28

July 2012 N 145-FZ - The Russian law

Federation, 2012, N 31, article 4334).

2. Faces, Implementing Registers, since Open

front account of the nominal of the holder of the central depository not

right to open different front people style="mso-spacerun:yes"> accounts

opening time of the face account of the nominal holder of the central

Securities Enrollment Depository for Front style="mso-spacerun:yes"> nominal

other persons in the registry are prohibited,  , except

enlisting security in links  with or to place

shares by distribution to shareholders.

Article 34. Procedure for entry into force of this

Federal Law

1. This Federal Law comes into force on January 1, 2012.

, for except 6 24 and  Parts of 4 art. 25

true Federal Law.

2. Article 25, paragraph 4, of this Federal Act shall enter into force

effective July 1, 2012.

3. Part 6 of Article 24 of this Federal Law comes into effect

effective 1 January 2013.

President of the Russian Federation style="mso-spacerun:yes"> Dmitry Medvedev

Moscow, Kremlin

7 December 2011

N 414-FZ