of January 5, 2009 No. 10-Z
About commodity exchanges
Accepted by the House of Representatives on December 12, 2008
Approved by Council of the Republic on December 19, 2008
For the purposes of this Law the following main terms and their determinations are applied:
accreditation – provision by commodity exchange to legal entities of the Republic of Belarus, foreign and international legal entities (to the organizations, not being legal entities) and to physical persons of the participation rights in the exchange biddings and the conclusion of stock exchange transactions as visitors of the exchange biddings or exchange brokers based on contracts for exchange servicing;
the stock exchange quotation – the price (rate) (further – the price) on exchange goods determined by the quotation of the prices;
exchange logistic activities – activities of legal entities of the Republic of Belarus, the individual entrepreneurs registered in the Republic of Belarus and also foreign, international legal entities (the organizations, not being legal entities) on storage, transportation and conducting examination of quality of exchange goods;
stock exchange transaction – the agreement signed by participants of stock exchange trading concerning exchange goods following the results of the exchange biddings;
stock exchange trading – the activities of commodity exchange and participants of stock exchange trading directed to the conclusion of stock exchange transactions;
the exchange broker – the participant of stock exchange trading rendering to clients of the exchange broker intermediary services in the conclusion of stock exchange transactions on behalf of the client of the exchange broker at his expense on behalf of the client of the exchange broker at own expense and on its own behalf for customer account of the exchange broker;
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