26.03.2007 - Order of the Federal Service on Financial Markets No. 07-4/p3n dated 25 January 2007 "On approval of the standards applicable to the issue of securities and stock prospectus registration"
Registered with the RF Ministry of Justice as of 15 March 2007. Registration No. 9121

The new standards applicable to the issue of securities and valuable securities prospectus registration regulating the issuing of shares, issuer's options and legal entity bonds (with the exception of state and municipal securities, and the CBR bonds), as well as the registration procedure for the respective valuable securities prospectus, have been approved.
The contents of each stage of the securities issuing procedure have been determined, such as: decision making which provides the ground for securities placement; approval of the resolution on issue (additional issue) of securities; state registration of the issue of securities (additional issue); placing of securities; state registration of the report regarding the results of the issue of securities (additional issue) or submission to the registration agency of the notification on the results of the securities issue (additional issue). The conditions which had not been provided for by the old standards have been set out.
Thus, it is not allowed to the issuer to transfer to third parties the right to sign the resolution on issue of securities (additional issue) and the report on the results of the issue of securities (additional issue) including on the basis of the power of attorney.
The cases when the registering agency is obliged to consider the report on the results of the securities issue (additional issue) submitted before the expiry of the securities placement term specified in the registered resolution on issue (additional issue) of the securities have been determined.

The issues relating to the issue of shares are regulated on special basis in the event of the charter capital reduction by means of lowering the share nominal value with payment effected to the shareholders of the joint stock companies the nominal value of the shares of which is being reduced in monetary form and (or) by transferring the issued securities of a different legal entity to them.

There have been introduced specific parameters of issuing stock exchange bonds, housing certificates, securities placed in case of the restructuring of the joint stock companies in the form of splitting or individualization carried out simultaneously with merging or annexation, foreign country bonds. Issue of stock exchange bonds is carried out without the state registration of the issue of securities (additional issue), registration of the prospectus and the state registration of the report on the results of the securities issue (additional issue) based on the decision (at the discretion) of the issuer. If restructuring of the joint stock company in the form of splitting or individualization is carried out simultaneously with merging or annexation, the state registration of the securities issue and the report on the results of the securities issue (additional issue) does not require the state registration. Registered with the RF Ministry of Justice on 15 March 2007. Registration No. 9121.