INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of February 12, 2024 No. 6681-U

About requirements to implementation of broker activities when making by the broker of separate transactions for customer account

This Instruction based on the paragraph of the eighth item 4 and Item 4.1 of Article 3, Item 6 of Article 10.1-1, of Item 3 of article 42 of the Federal Law of April 22, 1996 No. 39-FZ "About the security market" and according to the solution of the Board of directors of the Bank of Russia (the minutes of the Board of directors of the Bank of Russia of February 2, 2024 No. PSD-2) establish requirements to property, except for money in currency of the Russian Federation which can be transferred to the broker as providing obligations of the client to the broker, including on the loans granted by the broker, cases when transactions of the broker for customer account without its order, stipulated in Item 4 articles 3 of the Federal Law of April 22, 1996 No. 39-FZ "About the security market", can be made not at the organized biddings, requirements to the internal documents of the broker developed in pursuance of the requirements established to broker activities and also requirements to implementation of broker activities, including the requirement to observance by the broker of standard rates when making of the following transactions by it:

transactions at the expense of money (including in foreign currency), and (or) securities, and (or) precious metals which according to the agreement on broker servicing are at the disposal of the broker or shall go into its disposal, in case of their insufficiency for obligation fulfillment according to the specified transactions;

the future and option agreements which are derivative financial instruments on behalf of the broker and for customer account.

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