Legal encyclopedia. The letter Φ

STOCK EXCHANGE

- a non-commercial partnership or a joint stock company that organizes trading on the securities market.

FB should have a board of directors, a collegial executive body, a special committee of the board of directors for audit, an exchange council.

The Exchange Council preliminary discusses draft documents on inclusion of securities in the quoting list, on exclusion from the list and on refusal to include in the quoting list. The Exchange Council is formed from FB officials, bidders, issuers, management companies. The quantitative composition of the council is approved by the FB board of directors and can not contain less than five members.

As a structural unit, a listing division must be established in FB, which monitors compliance with securities to the requirements of FB, gives conclusions on inclusion in the quoting list of securities or on the exclusion and suspension of trading.

Bidders on FB: brokers, dealers, managers.

F. B. is obliged to:

1) establish the admission rules in biddings;

2) control the transactions;

3) ensure the publicity and publicity of the tenders held.

FB has the right to determine the amount of fees levied from bidders for services rendered, as well as the amount of fines for violation of the rules.

To trading are allowed: issue papers in the process of their placement and circulation, other securities, as well as investment shares in the process of their issuance and circulation.

F. B. maintains a register of bidders, which contains:

1) the full name of the tenderer;

2) the code of the bidder;

3) the location of the participant, telephone, fax;

4) TIN of the participant;

5) bank details of bidders;

6) the date of accreditation of the participant;

7) the surname, name, patronymic of the persons controlling the bidders;

8) the last name, first name, patronymic name of the tenderer;

9) information on disciplinary measures against bidders.

The register of bidders contains: the code (codes) of bidders, the customer code (s).

F. B. keeps a register of applications submitted by bidders, and a register of transactions made at the auction.

The register of applications contains: the identification number of the application; The code of the bidder; Client code; Type of application; Conditions of the application; Date and time of registration of the application; Date and time of execution of the application; The result of the application.

The transaction register contains: transaction identification number; Date and time of registration of the transaction; Codes of bidders; Codes of trade customers; The issuer's name, type, category, series of security; The nominal value of one security; Number of securities; Amount of the transaction.

During the bidding the following requirements are met:

1) transactions are made by address and addressless applications;

2) transactions must be executed exclusively through centralized clearing;

3) in the performance of their duties, the market maker submits only non-addressed orders and makes transactions only on its own behalf and at its own expense.

FB discloses and provides free access to information on its website on the Internet with respect to the following documents:

1) the articles of association and other documents regulating the activity of the management bodies of F. B .;

2) the composition of participants in the trade with indication of their shares;

3) registered documents, with the exception of information on monitoring and control over transactions made at the auction;

4) the amount of levied payment for the provision of trade organization services and its calculation;

5) name of bidders.

FB is obliged to disclose quarterly information on its activities within 45 days from the end of the relevant quarter, which must be available within 1 year from the date of its disclosure.

F. B. disclose the following information: on transactions made during the trading day; The price of opening a security; Closing price of the security; Price and volume of the first transaction for each security; Price and volume of the last transaction for each security; Market and current value of each security; The settlement price of each security at the end of the trading day; The value of the technical opening index and the value of the technical closing index, the 20 best bids.

FB must ensure the storage and protection of all information related to the organization of trade: official information, processing rules and access to service information, protection of service information from unauthorized access, use of passwords.