Accreditation means registration at the Exchange on the basis of contracts on exchange service, the recognition of legitimacy and powers to participate in the auctions. Accreditation is given free of charge and is possible for both legal and natural person.
It is possible to take part in the auctions independently or through intermediaries (exchange brokers).
According to the Rules of exchange trade foreign legal entities can take part at the auctions only as visitors of the auctions (i.e. to make transactions at the Exchange on its own behalf and at own expense).
Accreditation can not be separated from the registration by participants of exchange trade of its traders. Initially, traders are registered by participants of exchange trade at the time of accreditation, as submitting documents for registration of a trader is a prerequisite for accreditation. In this case, a visitor to the auction for the entire term of the contract on the exchange services must have at least one trader. That means that for accreditation, visitors of the auctions must provide documentation of at least one trader. This does not prevent subsequent registration of new traders. Maximum number of traders is not limited.
Individuals who are in labor or civil legal relationships with by participants of exchange trade may be registered as traders on the exchange. One natural person may be registered as a trader for only one participant of exchange Trade.
Those entities that for various reasons cannot or does not wish to trade at the Exchange independently can contact an exchange broker. In this case it is not necessary to get accreditation at the Exchange because the chosen broker is already accredited and will make all necessary actions on goods purchase/sale in favor of the client.
Legal and natural persons involved in entrepreneurial activities in the prescribed manner, provide:
(visitor of trades)
* Note: The translation into Belarusian or Russian language shall be for the whole document (extract, power of attorney), including its details (stamps, seals).
In the event that an agreement on exchange services for visitor signed by an authorized person by proxy, additional legalized power of attorney should be provided.
Legalization of documents:
Information on procedure of legalization of documents can be found on the official website of the Ministry of Foreign Affairs of the
Accreditation of visitor of trades carried out within 5 working days from submitting the entire package of documents. After this period the applicant may personally or by telephone obtain information on accreditation and registration number and registration number of each of its traders.
It is possible to register a new trader within 3 working days from the date of filing the necessary documents to the department for accreditation and admission to trading.
In the event of early termination of powers of the trader, participant of exchange Trade shall no later than next day after the termination of the powers, inform the exchange in writing form by sending a completed application form to terminate the powers of trader.
Reception of documents is the department for accreditation and admission to trading from 9:00 to 16:30 Monday to Thursday and from 9:00 to 15:00 on Fridays.
More information about legalization can be received here.
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