Listingrule s

Article 3. Terms and Definitions

3.1. The following terms shall be used for the purposes of these Rules:
Exchange-registered bonds: bond issue (additional issue) registered by the Exchange subject to the Securities Market Law.
Exchange-registered Russian Depositary Receipts – Russian depository receipts which issue is registered by the Exchange subject to the Securities Market Law (hereinafter, Exchange-registered RDR).
Decision on the Russian Depositary Receipts issue or Decision on Exchange-registered RDR issue and Russian Depositary Receipts Prospectus or Exchange-registered RDR Prospectus are also used throughout the text of the Rules.
Government securities – securities issued on behalf of the Russian Federation.
Delisting – exclusion of securities from the List by the Exchange, in particular, exclusion of securities from a quotation list by the Exchange.
Issuer's default – issuer's failure to perform obligations in relation to any listed bond issues, including Exchange-registered bonds, if (unless a shorter period is envisaged by a decision on bond issue, the issue terms of the foreign issuer and conditions or the foreign issuer's proper law):

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  performance of the obligation to pay scheduled interest income on bonds is delayed by more than 10 working days;
  
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  performance of the obligation to redeem the par value of the bonds (or a part of the par value of bonds, if the par value is redeemable in instalments and if such an obligation is envisaged by a decision on bond issue or the foreign issuer’s bond issue terms) is delayed by more than 10 working days;
  
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  performance of the obligation to buy out bonds if such an obligation is envisaged by a decision on bond issue or the foreign issuer’s bond issue terms and conditions (hereinafter, offer-based buyout), or another obligation in relation to any foreign issuer’s bond issue that may constitute an event of default under the proper law of a foreign issuer, is delayed for more than 10 working days;
  
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  otherwise in accordance with Clause 18.11 Article 18 of these Rules.
  

Delayed performance of the relevant obligations, if it remains within the above-mentioned periods of time, shall constitute a technical default.
For the purposes of these Rules, issuer's default (technical default) shall also include the default (technical default) of a foreign issuer.
Securities Market Law – Federal Law No.39-FZ “On the Securities Market, dated 22 April 1996
Applicant – a person that filed an Application with the Exchange with a view to undergo the listing procedures envisaged by these Rules.
The following may act as Applicants: the issuer of a security, the issuer of an underlying security, an Asset Management Company, a Mortgage Collateral Manager, a bondholders' representative (when so provided for in these Rules). If a security is included in Level Three, a Trading Member of the Exchange may act as the Applicant (with the exception of subfederal and municipal securities or foreign issuer's securities).
The Consultant or the Prescribed Legal Entity that filed an application/application with the Exchange for the preliminary review of documents as envisaged in Articles 7.1 and 11.3 of these Rules, or an Entity that filed a relevant application in accordance with Clause 7.10 Article 7 of these Rules may also act as Applicants.
Application – a document filed by the Applicant with the Exchange with a view to undergo the listing procedures envisaged by these Rules in the form prescribed by the Exchange, under the circumstances described in these Rules.
Foreign depositary receipts – foreign securities evidencing the title to a certain number of underlying securities (shares or bonds of a foreign or Russian issuer, or securities of another foreign issuer evidencing rights in relation to shares or bonds of a foreign issuer) and entitling the holders thereof to claim delivery, by the issuer, of the respective number of the underlying securities.