Listingrule s

Clearing House – an entity licensed to conduct clearing business and having an appropriate agreement with the Exchange, and acting, in particular, as a central counterparty.
Innovation and Investment Market Development Committee of the Moscow Exchange IIM Coordination Council – the Moscow Exchange Expert Council (IIM Expert Council) – a governance body of the Exchange that issues recommendations on the Innovation and Investment Market development strategy and performs other functions; in particular, it is responsible for the formulation of expert opinions (recommendations) on whether or not an entity meets the requirements for the listing of securities in the IIM Sector / IIM-Prime Segment, in accordance with the requirements of these Rules.
Committee of the Growth Sector Council of the Moscow Exchange (hereinafter, the Committee of the Growth Sector Council) – a permanent consultative and advisory body of the Exchange which, in particular, develops recommendations on the matters of including/excluding (refusal to include/exclude) securities in/from the Growth Sector and recommendations on refusal to include such securities in the List.
Quotation lists – all securities admitted for trading on the Exchange and grouped into separate sections within the List structure: Level One and Level Two.
Listing – inclusion, by the Exchange, of securities in the List, and in particular, inclusion, by the Exchange, of securities in the Quotation Lists.
Listing agent – a legal entity accredited by the Exchange in accordance with the Listing Agent Accreditation Regulations of the Moscow Exchange, engaged by the Entity to provide the services of securities preparation for the inclusion in IIM Sector.
Municipal securities – securities issued on behalf of municipalities.
Bank of Russia bonds – bonds issued by the Bank of Russia that meet the requirements of the Securities Market Law and Federal Law dated 10/07/02 No. 86-FZ "On the Central Bank of the Russian Federation (the Bank of Russia)".
Entity – issuer of a security, issuer of underlying securities, an Asset Management Company, a Mortgage Collateral Manager, or the obligor of a security (where applicable).
Prescribed Legal Entity – a legal entity that is the beneficiary of bond placement revenues, or a legal entity that is jointly and severally liable for the bonds.
Settlement depositary – the depositary that effects settlements based on the results of clearing conducted by the Clearing House in securities trades made at the Exchange.
Registration activities – any procedures of the Exchange listed in Article 11.1 of the Rules.
Registration number – a numeric (letter, character) code that identifies a specific issue (additional issue) of securities or a bond program. The registration number of the issue (additional issue) of securities or the bond program for the purposes of the Rules shall also mean an assigned identification number (ID) of the issue (additional issue) of securities or the bond program, respectively
Sustainability Sector – a sector comprising of segments for Green Bonds, Social Bonds and National Projects (hereinafter, the Segments of the Sustainability Sector), which bundle all securities included in the List and meeting the relevant Segment admission requirements set out in Article 15 of these Rules, if funds raised from their placement are channelled to financing or refinancing of projects listed in Article 15 of the Rules.
Increased Investment Risk Companies Sector – all Level Three securities in relation to which the Exchange has taken the resolution on including in such Sector, considering the limitation of the permitted trading modes with the purpose of reducing the risk of financial losses to investors from buying securities with uncertain level of investment risk and securities previously included in Uncertain Investment Risk Securities Sector at the Exchange trading sessions.
Innovation and Investment Market Sector (hereinafter, the IIM Sector) – all securities included in the List and meeting the requirements set out in Clause 3.1 Annex 3 to these Rules, as well as the securities earlier admitted to trading in the IGC Sector.
IIM-Prime Segment – all securities included in the List and meeting the requirements set out in Clause 3.2 Annex 3 to these Rules.
Growth Sector – all securities included in the List and meeting the requirements set out in Clause 3.4 Annex 3 to these Rules.
List of securities admitted to trading at the Moscow Exchange (hereinafter, the List) – all securities admitted to on-exchange trading in the course of circulation and/or placement on the Exchange, including investment units of unit investment funds and mortgage participation certificates in circulation. Separate sections distinguished in the List structure are called levels (listing levels):


Level One: the quotation list of the first (highest) level, made up by securities admitted to on-exchange trading on the Exchange and grouped into this distinct section within the List structure.
Level Two: the quotation list of the second level, made up by securities admitted to on-exchange trading on the Exchange and grouped into this distinct section within the List structure.
Level Three: another section within the List, made up by securities admitted to on-exchange trading on the Exchange without inclusion in quotation lists and grouped into this distinct section within the List structure (the unquoted part of the List).
Subfederal securities – securities issued on behalf of the constituent entities of the Russian Federation.
Trading day – a day on which on-exchange trading is conducted by the Exchange (each as defined in the Exchange Trading Rules for trading on Equity & Bond Market of the Exchange).
Asset Management Company – the Asset Management Company of a unit investment fund (Asset Management Company of a foreign investment fund) engaged in the fiduciary management of the unit investment fund (or of the securities of foreign exchange fund or investment fund).
Mortgage Collateral Manager – a mortgage collateral manager engaged in the fiduciary management of mortgage collateral by means of receiving (accepting) payments on the obligations giving rise to the claims that constitute mortgage collateral, remitting (paying) funds to the holders of mortgage participation certificates out of the above-mentioned payments, assuring proper performance of the obligations giving rise to the claims that constitute mortgage collateral, including foreclosure of the debtor's property, in particular, of that pledged as collateral securing such obligations, in the case of any failure to perform, or improper performance of, such obligations, or else by doing other related things not contrary to the Federal Law dated 11/11/2003 No. 152-FZ "On Mortgage-Backed Securities" or rules of mortgage collateral fiduciary management.
Securities – 39-FZ (emissionnye) securities, securities of foreign issuers, or other securities, including investment units and mortgage participation certificates, all as defined in the laws of the Russian Federation.
Securities (shares, bonds, investment units, mortgage participation certificates or depositary receipts) included in the List (Levels One, Two and Three) at the time of its (their) establishment – securities included in the List established in accordance with Order of FSFM Russia dated 30/07/2013 No. 13-62/pz-n "On Procedure for Admission of Securities to On-exchange trading" (hereinafter, the List established by the Exchange in accordance with the Order). The term should be used in line with those defined in article 25 of the Rules.
Securities of foreign issuers – foreign financial instruments qualified as securities that meet the requirements provided for in the Securities Market Law, issued by foreign entities, international financial organisations or foreign countries (central banks or political subdivisions of such foreign countries of independent legal standing).
Securities of corporate issuers – securities issued by Russian commercial and non-commercial entities (shares, bonds, Exchange-registered bonds, Russian Depositary Receipts, Exchange-registered RDR, issuer's options).
Securities intended for qualified investors – securities whereof placement and circulation are restricted only to qualified investors, in accordance with the Securities Market Law, unless the Securities Market Law provides otherwise.
Expert Council on Listing – a permanent consultative and advisory body of the Exchange which, in particular, develops recommendations on the matters referred to in these Rules.
Issuer – Private Partner – a legal entity that is the private partner party, including a concessionaire to a concession agreement, to a public-private partnership or to a municipal-private partnership in the Russian Federation.
3.2. All other terms and concepts used in these Rules shall have the meanings ascribed to them in the federal laws of the Russian Federation, other statutes and regulations of the Russian Federation, the Bank of Russia regulations, as well as in the internal documents of the Exchange listed in the Rules.