of March 12, 1992 No. 1512-XII
About securities and stock exchanges
This Law determines single procedure for release and security circulation, regulation of activities of professional participants of the security market, and also the principles of the organization and activities of stock exchange.
The purpose of this Law is assistance to development in the republic of the security market by mobilization of financial resources, their redistribution and effective use, establishment of legal guarantees of investor protection.
The law establishes necessary requirements to persons performing release and professional activity on securities, creates conditions for the organization in the republic of necessary structures for implementation of transactions with securities.
1. The issuer of securities - the legal entity who on its own behalf issues securities also shall fulfill the obligations following from conditions of issue of securities.
2. The investor - the physical person or legal entity owning securities.
3. Securities (shares, bonds) - the documents certifying expressed in them and property rights or the relations of loan of the owner of security realized by means of presentation or transfer in relation to the issuer.
Securities can be issued in the form of the forms printed on paper or in the form of records on accounts.
In case of security circulation in the form of records on accounts the owner of securities can exercise the property rights in relation to the issuer through the specialized organizations performing storage, accounting and calculations for transactions with securities.
4. Securities are considered as documents to bearer if for realization of the property rights connected with their ownership there is enough presentation of security.
Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info
Database include more 50000 documents. You can find needed documents using search system. For effective work you can mix any on documents parameters: country, documents type, date range, teams or tags.
More about search system
If you cannot find the required document, or you do not know where to begin, go to Help section.
In this section, we’ve tried to describe in detail the features and capabilities of the system, as well as the most effective techniques for working with the database.
You also may open the section Frequently asked questions. This section provides answers to questions set by users.
The document ceased to be valid since July 11, 2015 according to Item 1 of article 72 of the Law of the Republic of Belarus of January 5, 2015 No. 231-Z.