Clarification of the procedure for conducting operations on Moscow Exchange markets of the Moscow Exchange in the interests of non-residents

We draw the attention of the market participants to the fact that the permission issued by the Bank of Russia to the Moscow Exchange, the National Clearing Center (NCC) and the National Settlement Depository (NSD) to conduct transactions in the interests of non-residents provides for the possibility for participants to carry out on-exchange transactions from March 21 to April 1, 2022 aimed solely at reducing the obligations of clients who are persons of foreign states carrying out unfriendly actions arising from transactions made before February 28, 2022.

Such transactions primarily include repo transactions and transactions with derivatives, as well as the purchase of securities in order to close "short" positions on the equity market. The sale of previously purchased and delivered securities, including OFZ, does not reduce the obligations of the participants, and, accordingly, is not subject to this permission.

The permit also does not imply any other procedure for transferring foreign currency to unfriendly countries, different from that established by the Decrees of the President and the relevant clarifications of the Bank of Russia.