Securities Listing

Potential issuers:
• Russian companies which have placed securities abroad through the SPV mechanism
• Companies from CIS countries (first of all Belarus, Kazakhstan, Ukraine)
• International companies having business in Russia, or having strategic plans to enter the Russian market

Admission procedure scheme for placing securities or absence of listing

The admission of securities from foreign issuers to trade at the MICEX Stock exchange is granted under the following conditions:
1) Securities have undergone a listing procedure at a foreign stock exchange entering into the list, confirmed by the FSFR Russia (Federal Financial Markets Service) (except for securities of international financial organizations and securities intended for qualified investors), or the FSFR Russia (Federal Financial Markets Service) has decided on public placement and/or the issue in the Russian Federation;
2) Registration of the security prospectus is in accordance with Russian Federation laws relating to securities, and appropriate documentation from Russian federal authorities for operation in the securities market has been obtained;
3) Securities can be offered to a full range of investors (except for the securities intended for qualified investors);
4) The FSFR Russia (Federal Financial Markets Service) notifies when the issuer has concluded the placement, as well as information about the issuer under the laws and regulations of the Russian Federation on securities (except where placement of foreign securities and admission to trading of securities of foreign issuers isn’t carried out in the Russian Federation).

5) The security issuer observes Russian Federation legal requirements about securities and standard legal certificates of federal enforcement authorities on the securities market, including disclosure information;
6) The broker signing the prospectus for the securities of the foreign issuer, and the depositary accounting for the rights to the securities, corresponds to the requirements of the FSFR Russia (Federal Financial Markets Service);
7) Securities are accepted in a settlement depositary;
8) Securities are included in the list of securities, the clearing organization carries out transactions for.