Article 1. Scope 6
Article 2. Application 6
Article 3. Terms and Definitions 6
Article 4. List of Securities Admitted to Trading. General Provisions 9
SECTION 2. LISTING OF SECURITIES 12
SUB-SECTION 2.1. REQUIREMENTS TO BE MET FOR THE LISTING OF SECURITIES. PROCEDURE FOR THE LISTING OF SECURITIES 12
Article 5. Requirements to Be Met for Listing of Securities 12
Article 6. Grounds for Listing of Securities. Terms and Conditions of Inclusion in the List (Listing) 16
Article 7. Procedure for Inclusion of Securities in the List. Specific Rules for considering an Application and decision-making procedures 17
Article 7.1. Pre-listing procedure 20
Article 8. Determination of Securities Trading Start Date 23
Article 9. Grounds for Denial of Listing (Change in the Listing Level) / Determination
of Trading Start Date, Denial of Delisting, as well as other registration activities of the Exchange 24
SUBSECTION 2.2. SPECIFIC RULES GOVERNING LEVEL ONE AND LEVEL TWO LISTING OF SECURITIES 25
Article 10. Specific Rules Governing Level One and Level Two Listing of Securities 25
SUBSECTION 2.3. SPECIFIC RULES GOVERNING THE LISTING OF EXCHANGE-REGISTERED BONDS,
EXCHANGE-REGISTERED RDRs, AND/OR REGISTRATION ACTIVITIES OF THE EXCHANGE 26
Article 11.1. Registration activities of the Exchange 26
Article 11.2. Registration of issues (additional issues) of exchange-registered bonds and assignment of registration numbers to issues (additional issues) of exchange-registered bonds. Peculiarities of inclusion in the List of exchange-registered bonds. 26
Article 11.3. Procedure for Preliminary Review of Documents in Relation to Exchange-Regulated Bonds 28
Article 11.4. Registration of an Exchange-registered Bond Program and Assignment of a Registration Number to an Exchange-registered Bond Program 30
Article 11.5. Registration of an exchange-registered bond prospectus subsequently. Submission of a notice of the exchange bond prospectus preparation subsequently 31
Article 12.1. Registration of amendments to a decision on the issue of Exchange-registered bonds, to a prospectus of Exchange-registered bonds and/or to a program of Exchange-registered bonds. 32
Article 12.2. Specifics of making Amendments to Decision on the Issue of Exchange-registered Bonds as Regards Details of Exchange-registered Bondholders' Representative, Effected by Means of Notification 33
Article 13.1. Registration of issues of exchange-registered RDRs and assignment of registration numbers to issues of exchange-registered RDRs. Peculiarities of inclusion in the List of exchange-registered RDRs. 34
Article 13.2. Registration of Amendments to Decision on the Issue of Russian Depositary Receipts (Exchange-registered RDR) and/or Prospectus of Russian Depositary Receipts (Exchange-registered RDR). 36
Article 14.1. Suspension and resumption of securities issuance 37
Article 14.2. Declaring an issue (additional issue) of securities or an exchange-registered bond program void and cancellation of their registration. 38
Article 14.3. Confirmation of the making of a decision by the Exchange on the registration of an issue (additional issue)
of securities, a securities prospectus or an exchange-registered bond program and amendments made to the said documents 40
SUBSECTION 2.4. SPECIFIC RULES GOVERNING INCLUSION OF SECURITIES IN CERTAIN SECTORS/SEGMENTS (MAINTAINING LISTING OF, AND DELISTING OF SECURITIES) 41
Article 15.1. Inclusion of securities in certain sectors/segments (delisting of securities). 41
Article 15.2. Specific Rules Governing Inclusion of Securities in IIM Sector/IIM-Prime Segment (Maintaining Listing and Delisting of Securities) 41
Article 15.3. Specific rules governing inclusion of securities in the Growth Sector (maintaining
the listing of, and delisting of securities). 43
Article 15.4 Specific rules governing inclusion of bonds in the Segments of the Sustainability Sector (maintaining the listing of, and delisting of bonds). 44
Article 15.5 Specific Rules Governing Securities Inclusion in (Exclusion from) the Increased Investment Risk Companies Sector 46
SECTION 3. CHANGING SECURITIES LISTING LEVEL 47
Article 16. Procedure for Changing Securities Listing Level 47
SECTION 4. RIGHTS AND OBLIGATIONS OF THE EXCHANGE AND THE APPLICANT/ENTITY IN CONNECTION WITH SECURITIES INCLUSION INTO, AND THEIR PRESENCE ON, THE LIST 48
SUBSECTION 4.1. DUTIES OF THE APPLICANT/ENTITY 48
Article 17. Duties of the Applicant/Entity in Connection with
Inclusion of Securities into,
and their Presence on, the List. 48
SUBSECTION 4.2. RIGHTS AND OBLIGATIONS OF THE EXCHANGE 54
Article 18. Rights and Obligations of the Exchange in Connection with Inclusion of Securities into, and their Presence on, the List. The Exchange's Obligation to Disclose Information 54
SUBSECTION 4.3. SECURITIES MAINTENANCE PROCEDURES. CONTROL AND MONITORING 60
Article 19. Maintenance of Securities. Control and Monitoring 60
Article 20. Monitoring of Information Disclosure Requirements 61
SECTION 5. DELISTING, DISCONTINUATION AND SUSPENSION OF TRADING, RETENTION OF SECURITIES ON THE LIST 62
Article 21. Delisting of Securities. Retention of Securities on the List 62
Article 22. Exclusion of security from Level One or Level Two. Retention of security on Level One or Level Two. 68
Article 23. Suspension and Resumption of Trading in Securities 75
SECTION 6. DISPUTE RESOLUTION PROCEDURE 77
Article 24. Procedure for Settlement of Disputes and Disagreements 77
SECTION 7. TRANSITIONAL PROVISIONS 77
Article 25. Transitional Provisions 77
ANNEXES 79
ANNEX A 79
ANNEX 1 82
Schedule of documents/information to be filed with the Moscow Exchange on listing-related matters 82
Notice of compliance with regard to
a number of free-float shares (using IPA)_ 84
placement and circulation 84
shares 84
Level One and 84
Level 84
Two 84
or 84
on paper 84
IPA form 84
Bond Issuer’s Report
(standard form) 84
