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Issuable security

Term meaning Issuable security

any security, incl. non-documentary, which is simultaneously characterized by the following features: a) establishes a set of property and non-property rights subject to certification, assignment and unconditional exercise in compliance with the form and procedure established by the Federal Law of the Russian Federation "On the Securities Market" dated April 22, 1996; b) is placed by issues; c) has an equal volume and terms of exercising rights within one issue, regardless of the time of purchase of the security. The law distinguishes nominal E. c. b., information about the owners of which should be available to the issuer in the form of a register of securities owners and the transfer of rights to which, and also. the exercise of the rights enshrined in them require the mandatory identification of the owner, and E.c.6. bearer, the transfer of rights to which and the exercise of the rights assigned to them do not require identification of the owner. E.c.6. may exist in documentary and non-documentary form. In documentary form, the owner of the security is established on the basis of the presentation of a properly executed security certificate or, in case of depositing one, on the basis of an entry on the depo account. In the non-documentary form, the owner of the security is established on the basis of an entry in the system for maintaining the register of securities owners or, in the case of securities deposit, on the basis of an entry in the depo account.

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