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Art. 41. Securities Settlement  
     
 
1. Securities settlement shall be carried out separately for securities defined with a single code.

2. Securities accounts entries shall be based on gross basis and shall be carried out separately for each transfer.

3. Entries in the securities accounts can be netted out (including netting in respect of financial resources) according to an additional agreement with regulated market of securities.

4. Settlement of securities of public companies, including in case of transactions concluded directly according to Art. 35 of Ordinance №1 on Requirements to the Activities of the Investment Intermediaries and transactions resulting from trading offers pursuant to Art. 149 of LPOS, shall be effected only after receipt of transaction data from the regulated market where the securities are traded.