Professional participants in the securities market - legal persons, including credit organizations, and also citizens registered as business persons who conduct the following types of activity:
- Brokerage shall be deemed performance of civil-law transactions with securities as agent or commission agent acting under a contract of agency or commission, and also under a power (letter) of attorney for the performance of such transactions in the absence of indication of the powers of agent or commission agent in the contract.
- Dealer activity shall be deemed performance of transactions in the purchase and sale of securities in one's own name and for one's own account through the public announcement of the prices of purchase and/or sale of certain securities, with an obligation of the purchase and/or sale of these securities at the prices announced by the person pursuing such activity.
- Activity in the management of securities shall be deemed performance by a legal person or individual business person, in his own name, for a remuneration, during a stated period, of trust management of the following conveyed into his possession and belonging to another person, in the interests of this person or of third parties designated by this person:
1)securities;
2)monies intended for investment in securities;
3)monies and securities received in the process of securities management.
- Clearing activity shall be deemed activity in determining mutual obligations (collection, collation and correction of information on security deals and
preparation of bookkeeping documents thereon) and in offsetting these obligations in deliveries of securities
- Depositary activity shall be deemed the rendering of services in the safekeeping of certificates of securities and/or recording and transfer of rights to securities
- Activity in the keeping of a register of owners of securities shall be deemed collection, fixing, processing, storage and provision of data constituting a system of keeping the register of security owners
- Provision of services directly promoting conclusion of civil-law transactions with securities between participants in the securities market shall be deemed activity in the arrangement of trading on the securities market.
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