Issued Securities

Securities have properties and are classified for different reasons. Emissive and non-issue securities are allocated according to the way of issue.

Any securities characterized by such characteristics as the ability to consolidate property and non-property rights, the placement of issues, equal volumes and the same terms for exercising rights within one issue, regardless of the time when such securities are acquired, can be defined as equity securities

Issue - the issuer's actions for the issuance of securities and their placement among owners. Essentially, equity securities form the backbone of the securities market. As a result of concluding transactions of a civil-law nature, the ownership of them passes from the issuer to the owners.

The issuer is required to issue additional financing and to create the status of a public company. The most frequently issued bonds, shares, etc.

Issue securities types are as follows. Such securities are issued in the form of registered paper of documentary form, registered papers of non-documentary form and securities to bearer of documentary form.

The choice of the issuer's form of issuance is determined in its constituent documents, in the issue prospectus and in the decision to issue securities.

When issuing securities in a documentary form, the holder can be issued a single certificate for all types of securities he purchases, which indicates their number, value at face value and category.

Issue securities are certified by certificates. One such security can be accompanied by only one certificate. Thus each certificate accordingly can certify the rights to one, all or several securities with one registration state number.

When deciding on the issue of securities in documentary form, the issuing organization has the right to determine that certificates will be issued to the owners or they will be subject to centralized custody in depositories.

Issue securities to bearer are issued only in documentary form. Unlike them, registered can be issued in both documentary and non-documentary form.

All property rights and non-property rights, which are fixed in documentary form and non-documentary form, are issued securities, while the conditions for their occurrence and circulation must correspond to the totality of all signs of valuable issuing securities.

The securities emitted by foreign issuers for circulation in the Russian Federation are allowed after registration of a special prospectus issued by the Federal Commission.

If it is necessary to issue securities issued by registered emitters in Russia, such a decision is also accepted only with the consent of the Federal Commission.

The rights that constitute a documentary security certify certificates and decisions on emissions. In the case of non-documentary securities, similar rights are confirmed by the decision to issue them.

Emissive securities fix the owners' rights to the extent that they are established by the resolution on issue and legislative acts.

In the certificates for equity securities, there must be a compulsory number of details: the full name of the issuing organization, the legal address, the state number of securities, the issuer's obligation to secure the rights of the owners, the number of issued securities, the issuer's form, the managers' signatures, the issuer's seal, other requisites, Required for indication by law.

Issue securities, for any reasons not registered under the issue, according to the law, can not be placed among the owners.