PRESIDENTIAL DECREE OF THE REPUBLIC OF BELARUS

of January 18, 2016 No. 12

About Belarusian Currency and Stock Exchange open joint stock company

For the purpose of development of the organized financial market, enhancement of procedure for carrying out the exchange biddings and calculations in the conditions of the Eurasian Economic Union:

1. Determine that:

1.1. the Belarusian Currency and Stock Exchange open joint stock company (further - the exchange) for the purpose of implementation of clearing and calculations for operations on the stock exchange without receipt of special permission (license) for implementation of banking activity has the right according to the legislation:

open correspondent accounts in National Bank and other banks (the non-bank credit and financial organizations);

open and operate accounts which opening is directly connected with carrying out calculations for the exchange biddings and transactions performed by the exchange;

carry out calculations in non-cash form through the correspondent and other accounts opened by the exchange in National Bank and other banks (the non-bank credit and financial organizations);

perform currency exchange transactions, including at own biddings, directly connected with implementation of clearing and calculations;

create funds which means will be used for provision of ensuring obligation fulfillment according to the made transactions at the biddings by foreign currency (further - guarantee funds), at the expense of own means, fees of the legal entities admitted to trading by foreign currency, and other sources which are not prohibited by the legislation of the Republic of Belarus, according to the procedure, determined in coordination with National Bank. Money in Belarusian rubles and foreign currency, and also bank issued securities can act as means of guarantee funds;

place means of guarantee funds on its own behalf on accounts, including accounts on deposits (deposits), in National Bank and other banks, in government securities of the Republic of Belarus, securities of National Bank, the bond of banks and "Development Bank of the Republic of Belarus" open joint stock company according to the procedure, determined in coordination with National Bank;

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