Legal encyclopedia. Letter C

REGISTRATION SYSTEM

- a set of data that is recorded on paper and (or) using an electronic database and ensures the identification of registered securities owners, nominal holders and owners of securities registered in the register keeping system, as well as recording their rights with respect to securities registered in Their name, which allows them to receive and send information to them and draw up a register of owners of securities.

In the period established by law, S.

B. R. ensures the collection and storage of information about facts and documents that require the need for changes in the SVR of securities owners about all actions of the registrar to make these changes.

On holders of securities to bearer

C. VR is not conducted.

Part of SVR in the form of a list of registered owners, indicating the number, nominal value and category of registered securities owned by them, compiled as of any fixed date and allowing to identify these owners, the number and category of securities belonging to them is the register of owners valuable papers.

When providing information to SVR, owners and nominal holders of securities are obliged to observe the established rules.

On behalf of the owner or nominal holder of securities registered in SVR, the data on them are entered by the registrar in SVR

At the request of the owner of an entry for the transfer of securities by a nominal holder in the name of the owner, they shall be compulsorily deposited in SVR

If the authority of SVR is entrusted by the issuer to the registrar, then he is entitled to require the latter to provide the registry for a fee that should not exceed the cost of its compilation, and the registrar must provide the register for this fee.

If the procedure for maintaining SVR is not properly implemented, the person who admitted this

(Issuer, registrar, depositary, owner), a claim may be made for compensation of damage arising from the impossibility of exercising the right fixed by securities, including lost profits.

Within 5 working days at the request of the owner, a person acting on his behalf, a nominal holder of securities, the registrar must provide an extract from SVR on his personal account. An extract from SVR is a document issued by the registrar with the indication:

1) the owner of the personal account;

2) the number of securities of each issue that are on this account at the time of issue of the statement;

3) facts of encumbrance with obligations;

4) other information relating to securities.

The owner of the securities does not have the right to require the holder of the register to include in the extract information that is not relevant to him, information about other owners of securities and the number of securities owned by them.

Extracts from SVR, which are registered when securities are placed, are given to the owners free of charge.

Responsibility for the completeness and reliability of the information in the extract from SVR is borne by the person who issued this extract.

The Registrar shall make all changes to SVR on the basis of:

1) the order of the owner registered in SVR on the transfer of securities or a person acting on his behalf, the nominal holder of securities;

2) other documents that confirm the transfer of ownership of securities in accordance with the law.

It is not allowed to refuse to make an entry in SVR or to avoid it.