The Depositor has the right to transfer authority to dispose of the account or sections within the account to the securities depository account operator or section operator (hereinafter — the Operator).

Operator — a legal entity that is not the Depositor of this securities depository account, but has the right to issue instructions for operations on one or more sections of the securities depository account based on authority received from the Depositor or based on law.

A condition for opening a securities depository account for persons who, in accordance with Federal Law No. 414-FZ dated 07.12.2011 "On Central Depository", must transfer authority to submit instructions for operations on the owner's securities depository account to professional securities market participants, is the mandatory transfer of authority to submit instructions for operations on such owner's securities depository account to another legal entity that is a professional securities market participant and meets the requirements specified in the Conditions for Carrying Out Depository Activities of NKO AO NSD — the securities depository account operator.

The Operator may be appointed for sections of specified types or for specific sections (hereinafter — Section Operator) or for all sections of the securities depository account (hereinafter — Account Operator).

By working through an Account Operator, organizations that are not professional participants gain the ability to:

The Section Operator must conclude an "Agreement on Electronic Document Exchange" and submit the required set of documents.

When conducting operations on DVP terms in MRCO (international clearing organizations) on the securities depository account, section, or sections of the securities depository account to which an Operator is appointed, settlements may be made through the Operator's bank accounts opened at NSD. The procedure for opening a bank account is described on the NSD website in the "Banking Services" section.

Termination of Operator authority is carried out by the Depositor canceling the previously issued power of attorney or upon its expiration. The Depositor notifies the Depository of the power of attorney cancellation by an official letter in free form, signed by an authorized person of the Depositor.

The Depository is not liable to the Depositor for actions taken by the Operator within the authority received from the Depositor.

Tariffs for services provided by NSD can be found on the website in the "Tariffs" section.

Participation in Corporate Actions on foreign securities using a format other than ISO (with transfer to section 38 with manual processing).

When it is necessary to transfer securities within one securities account between a section without an appointed operator and a section with an appointed operator, based on reciprocal instructions from the depositor in whose name the securities account is opened and the section operator, the following instruction types may be used:

For example, a broker appointed as the operator of a securities account section of a special depository's nominee holder at NSD may submit instructions with operation codes 16 and 16/1 to the section of the special depository's nominee holder's securities account where they are the operator, while the special depository may submit reciprocal instructions on their nominee holder's securities account with operation codes 16/1 and 16, respectively.

If there is no need to use reciprocal instructions, operation code 20 (MF020) is used.