Art. 6. Operational requirements

1. The operational requirements pertain to creating and observing internal regulations of the members, regulating the operational structure, obligations and responsibilities of employees in such a way that ensures fulfillment of the obligations by a member with the Depository and security of trading.

2. In particular, the Depository require its members to create and support the following offices:

Department of Settlement of Trades in Securities (back-office), responsible for the exchange of information with the Depository. The Depository member shall delegate authority to at least two persons, his employees at the department, to exchange information with the Depository whereas the authorization notification shall be an integral part of the Membership Agreement. Any change in the list of the authorized persons shall be reported to the Depository no later than three business days before it becomes effective, whereas during this period messages shall be received by the persons previously authorized;

Archive Department that stores the information related to the activities of the member regarding the Depository. The Depository member shall delegate authority to at least two persons, his employees at the department, to access and work with the information archived, whereas the authorization notification shall be an integral part of the Membership Agreement. Any change in the list of the authorized persons shall be reported to the Depository no later than three business days before it becomes effective, whereas during this period the Depository shall address the persons previously authorized in order to complete examinations;

Messenger Department for information exchange between the member and the Depository. The establishment of Messenger Department is obligatory, irrespective of the electronic exchange of information applied. The Depository member shall delegate authority to at least two persons, his employees at the department, whereas the authorization notification shall be an integral part of the Membership Agreement. Any change in the list of the authorized persons shall be reported to the Depository no later than three business days before it becomes effective, whereas during this period the Depository shall receive information from the persons previously authorized;

Central Depository AD shall have the right to hold regularly qualification examinations for the employees at Back Office Department and the respective investment intermediary can be advised about the results from these examinations.

3. The activities in the offices specified under p.2 may be performed by the same persons as they shall be allowed to hold more than one position, however their responsibilities and obligations shall be clearly defined and fulfilled.

4. Fulfillment of the requirements pursuant to p.2 shall be declared by the member applicant.