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VI. ISSUANCE OF DEPOSITORY RECEIPTS  
     
Art. 53. General Provisions  
     
 
1. The Depository shall issue depository receipts to the securities owners/holders that have accounts with the Depository.

2. Depository receipts and all other documents provided on the basis of entries in the securities accounts from the Depository and its members, shall not be considered securities.

3. In particular cases, the Board of Directors or a person authorized by it may give instructions on the distribution of the depository receipts in every particular case.

4. The procedure of issuing depository receipts shall be specified as follows:

4.1. In regard to issuing as a result of registration of an issue according Enclosure 02/E02;

4.2. In regard to performing of an activity of investment intermediary/registration agent according Enclosure 09/E09;