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General Information on regional network

At present, the MICEX Group’s regional network is comprised of the following organizations:

1. The MICEX’s regional affiliates, which are separate structural units of the MICEX:

  • The Far Eastern branch, located in Vladivostok;
  • The Siberian branch, located in Novosibirsk;
  • The Ural branch, located in Ekaterinburg;
  • The Volga branch, located in Nizhny Novgorod;
  • The Southern branch, located in Rostov-on-Don.

2. Regional Exchange Center “MICEX – North-West” (closed joint stock company), a subsidiary of the MICEX.

3. Regional representative offices of the MICEX, which are separate structural units of the MICEX:

  • Representative office in Krasnodar;
  • Representative office in Krasnoyarsk;
  • Representative office in Samara.

All of the MICEX’s regional units are also empowered to act as regional representatives of other parent companies of the MICEX Group. Thus, the MICEX’s regional units are in fact representatives of all interested parent companies of the MICEX Group, including the MICEX Stock Exchange, Bank “National Clearing Centre” (Closed Joint-Stock Company), the National Mercantile Exchange, and the National Settlement Depository. The work of the MICEX’s regional representatives is based on uniform standards adopted in the MICEX Group.

The main task of the MICEX’s regional representatives is to give regional clients equal conditions in on-exchange markets, as well as to ensure effective interaction with regional participants, regional companies-issuers and investors. Besides, regional representatives ensure the implementation of new technologies, provide a wide range of information and consulting services, act as a single point of contact for regional participants interacting with companies comprising the MICEX Group and provide support to participants under the “Personal Manager” system.

The main functions of regional representatives:

  • Consulting and provision of information services for legal entities when the latter undergo procedures for receiving the status of Participant in trading/Member of the Section, etc.
  • Consulting and provision of information services for Participants in trading/Section members when the latter undergo procedures for admission to trading in the on-exchange markets of the MICEX Group.
  • Provision of information and consulting services to participants in trading, receipt and processing of documents, organization of document interchange, contractual work.
  • Provision of technological access to trading in the markets of the MICEX Group, advising on the issues of obtaining technological access.
  • Interaction with regional authorities, universities and the media.
  • Provision of information support to regional issuers when the latter prepare for placement of securities, advising on the choice of methods of placement, the choice of the organizers of placement and other issues.
  • Promotion of products and services of the MICEX Group.
  • Organization of training seminars for existing and potential clients of the Group.
  • Organization of events for regional issuers, professional participants and investors, participation in events held by other organizations.
  • Surveys of existing participants to explore their views on new projects implemented in the markets of the MICEX Group.
  • Participation in the project “The MICEX Electronic Trading Floor – State Purchases” (attracting customers and suppliers, consulting and training).
  • Acting as a regional representative of the National Settlement Depository serving regional clients (depositors and issuers).
  • Acting as a regional representative of the NAMEX in conducting commodity and purchasing interventions.

At present, the regional network of the MICEX is being reorganized. This includes refusal from regional representatives in the form of independent legal entities (regional exchange centers) within the MICEX Group. Representative functions are being transferred from regional exchange centers to regional branches of the MICEX.

To date, the functions of the MICEX Group’s regional representatives have been transferred:

  • from Regional Exchange Center “MICEX – Far East” to the Far Eastern branch of the MICEX,
  • from Regional Exchange Center “MICEX – Siberia” to the Siberian branch of the MICEX,
  • from Regional Exchange Center “MICEX – Urals” to the Ural branch of the MICEX,
  • from Regional Exchange Center “MICEX – the Volga Region” to the Volga branch of the MICEX, and
  • from Regional Exchange Center “MICEX – South” to the Southern branch of MICEX.

In the 4th quarter of 2011 it is planned to transfer the representative functions of the Regional Exchange Center “MICEX – North-West” to the North-Western branch of the MICEX, located in St. Petersburg.