Article 5. Exchange management bodies

The management bodies of the exchange are the general meeting of shareholders, the supervisory board and the executive body of the exchange.

The general meeting of shareholders of the exchange elects the supervisory board of the exchange (hereinafter — the Exchange Council).

The powers of the Exchange Council include:

determination of the main directions of the exchange development;

approval of exchange trading rules;

approval of the procedure for admission to membership of the exchange, suspension, termination of membership;

monitoring the activities of the exchange;

establishing fines for violation of exchange trading rules and the procedure for their collection;

establishment of membership fees and fees for services provided by the exchange;

approval of the procedure for the formation and use of fund resources to ensure the execution of concluded exchange transactions.

The Exchange Council may exercise other powers in accordance with the legislation and the charter of the exchange.

Management of current activities is carried out by the executive body of the exchange, whose powers are determined by the charter of the exchange.