Information policy

Moscow Exchange is committed to ensuring that its activities are as transparent as possible for its shareholders, investors and other stakeholders. Following the recommendations of the Corporate Governance Code of the Bank of Russia and the development plans of the Moscow Exchange, and taking into account the requirements of the legislation on information disclosure by issuers whose securities are admitted to trading, Moscow Exchange adopted a new Information Policy in December 2015 (http://fs.moex.com/files/11122/) (in Russian).

The Information Policy is a set of information-disclosure rules followed by Moscow Exchange (including members of its management bodies, officials and employees) when providing information to shareholders and stakeholders. In particular, the Information Policy determines:

• key information-disclosure objectives and binding principles for Moscow Exchange as a securities issuer;
• groups of disclosed information, including a list of information that Moscow Exchange may disclose voluntarily, and the disclosure procedure;
• the procedure for Moscow Exchange’s interaction with stakeholders, including with individuals who are authorised to communicate on behalf of Moscow Exchange;
• the procedure for granting access to information and documents belonging to Moscow Exchange.

The Information Policy aims to provide stakeholders with additional opportunities to exercise their rights and to improve the efficiency of information exchange between Moscow Exchange and all stakeholders.

Methodology used by Moscow Exchange to evaluate comliance with corporate governance principles established by the Corporate Governance code of the bank of Russia

As the methodology that Moscow Exchange used to evaluate compliance with the corporate governance principles set forth in the Corporate Governance Code of the Bank of Russia, the recommendations used were those set out in Letter of the Bank of Russia of 17 February 2016 No. IN-06-52/8 on Disclosure, in the Annual Report of a Public Joint-Stock Company, of a Report on Compliance with the Principles and Recommendations of the Corporate Governance Code.

The aim of the evaluation was to verify the conformity of Moscow Exchange’s Charter and internal documents, corporate governance practices and internal procedures with the principles and recommendations of the Corporate Governance Code of the Bank of Russia. The results of the verification of compliance with the requirements of the Listing Rules of ZAO MICEX Stock Exchange and the Corporate Governance Code of the Bank of Russia conducted by the Internal Audit Service of the Moscow Exchange in 2015 and reviewed by the Audit Committee of the Supervisory Board were also used.

The findings of the evaluation are contained in the Report on Compliance with the Principles and Recommendations of the Corporate Governance Code (the ReportThe Report is made as per the form recommended and communicated to issuers in notification letter No IN-06-52/8 from the Bank of Russia of 17 February 2016 on Disclosure, in the Annual Report of a Public Joint-Stock Company, of a Report on Compliance with the Principles and Recommendations of the Corporate Governance Code.), which is a part of this Annual Report.

The evaluation showed that the Moscow Exchange complies with the majority of principles and recommendations of the Corporate Governance Code.