Exchange-traded bonds. Administrative procedures
Exchange-traded bonds are bonds issued in a book-entry form, the issue of which is registered by BCSE, and whose purchase and sale transactions in the process of their placement and trading are conducted only in the BCSE trading system.
According to the current legislation, the Belarusian Currency and Stock Exchange performs the following administrative procedures:
Registration of Exchange-Traded Bonds, Registration of Exchange-Traded Bonds Prospectus according to par. 14.13.1 of the Unified List of Administrative Procedures for Economic Entities approved by the Council of Ministers of the Republic of Belarus (Resolution No. 548 dated 24.09.2021) (hereinafter - the Unified List);
Registration of Amendments or Additions Made to Exchange-Traded Bonds Prospectus according to par. 14.13.2 of the Unified List.
The ground for the above mentioned administrative procedures is the issuer's application with the required package of documents according to regulations of administrative procedure approved by the Ministry of Finance of the Republic of Belarus (Resolution No. 14 of 21.03.2022).
The deadline for submitting the documents for registration of a one-time issue of exchange-traded bonds or the first issue of exchange-traded bonds issued under the program is at least 15 business days prior to the date of securities placement, for subsequent issues of exchange-traded bonds under the program - at least two business days (not counting the day of submitting the documents).
The administrative procedures timeframe is 5 working days.
Administrative procedures with regard to business entities at the Belarusian Currency and Stock Exchange is organized in accordance with:
Law of the Republic of Belarus No. 433-Z "On the Basics of Administrative Procedures" dated October 28, 2008;
Law of the Republic of Belarus No. 231-Z "On the Securities Market" dated January 5, 2015;
Decree of the President of the Republic of Belarus No. 277 dated April 28, 2006 "On Some Issues of Regulation of the Securities Market";
Resolution of the Council of Ministers of the Republic of Belarus No. 548 dated September 24, 2021 "On administrative procedures carried out in respect of business entities";
Resolution of the Council of Ministers of the Republic of Belarus No. 175 dated March 25, 2022 "On Amending Resolutions of the Council of Ministers of the Republic of Belarus on Administrative Procedures in Respect of Economic Entities";
Resolution of the Ministry of Finance of the Republic of Belarus No. 78 dated August 31, 2016 "On Equity Securities Issue";
Resolution of the Ministry of Finance of the Republic of Belarus No. 14 "On Approval of Administrative Procedures Regulations" dated March 21, 2022.
Since 29.03.2024, administrative procedure 548.14.13.1 "Registration of the exchange-traded bonds issue, registration of the exchange-traded bonds prospectus" (https://e-pasluga.by/services/dokumenty/54814131registracia-vypuska-birzevyh-obligacij-registracia-prospekta-emissii-bir) has been available on the unified portal of electronic services "E-Pasluga".
The interested parties with regard to the administrative procedure are:
issuers of exchange-traded bonds;
brokers (trust managers of securities) admitted to trading by BCSE and authorized on the basis of an agreement with the issuer to conduct an open sale of exchange-traded bonds.
Professional consulting:
