# APPENDIX IV
PERMITTED STOCK EXCHANGES AND MARKETS
With the exception of permitted investment in unlisted securities, investment by the Company will be restricted to stock exchanges and markets which are regulated, operate regularly, are recognised and are open to the public and which are listed below. The exchanges and markets set out below are listed in accordance with the requirements of the Central Bank, which does not issue a list of approved markets.
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##### a. any stock exchange which is:

located in an EEA Member State (except Malta);
located in Australia, Canada, Hong Kong, Japan, New Zealand, Switzerland, United States of America; or
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##### any stock exchange included in the following list:

Argentina – Bolsa de Comercio de Buenos Aires, Cordoba, Mendoza, Rosario and La Plata Stock Exchange;
Bahrain – Bahrain Stock Exchange;
Bangladesh – Chittangong Stock Exchange and Dhaka Stock Exchange;
Botswana – Botswana Stock Exchange;
Brazil – Bolsa de Valores de Sao Paulo, Bolsa de Valores de Brasilia, Bolsa de Valores de Bahia- Sergipe - Alagoas, Bolsa de Valores de Extremo Sul, Bolsa de Valores de Parana, Bolsa de Valores de Regional, Bolsa de Valores de Santos, Bolsa de Valores de Pernambuco e Paraiba and Bolsa de Valores de Rio de Janeiro;
Chile – Santiago Stock Exchange and Valparaiso Stock Exchange;
China – Shanghai Stock Exchange, Fujian Stock Exchange, Hainan Stock Exchange and Shenzhen Stock Exchange;
Colombia – Bolsa de Bogota and Bolsa de Medellin;
Costa Rica – Bolsa Nacional de Valores;
Croatia – Zagreb Stock Exchange;
Egypt – Cairo Stock Exchange and Alexandria Stock Exchange;
Ghana – Ghana Stock Exchange;
India – Mumbai Stock Exchange, Madras Stock Exchange, Delhi Stock Exchange, Ahmedabab Stock Exchange, Bangalore Stock Exchange, Cochin Stock Exchange, Guwahati Stock Exchange, Magadh Stock Exchange, Pune Stock Exchange, Hyderabad Stock Exchange, Ludhiana Stock Exchange, Uttar Pradesh Stock Exchange, Calcutta Stock Exchange and the National Stock Exchange of India;
Indonesia – Jakarta Stock Exchange and Surabaya Stock Exchange;
Israel – Tel Aviv Stock Exchange;
Ivory Coast – Abidjan Stock Exchange; Jordan – Amman Stock Exchange; Kazakhstan – Kazakhstan Stock Exchange; Kenya – Nairobi Stock Exchange;
Korea – Korean Stock Exchange;
Kuwait – Kuwait Stock Exchange; Malaysia – Kuala Lumpur Stock Exchange; Mauritius – Stock Exchange of Mauritius; Mexico – Bolsa Mexicana de Valores; Morocco – Casablanca Stock Exchange; Namibia – Namibian Stock Exchange;
Nigeria – Lagos Stock Exchange, Kaduna Stock Exchange and Port Harcourt Stock Exchange;
Oman – Muscat Securities Market;
Pakistan – Lahore Stock Exchange and Karachi Stock Exchange;
Panama – Panama Stock Exchange;
Peru – Bolsa de Valores de Lima ; Philippines – Philippines Stock Exchange; Qatar – Doha Stock Exchange;
Russia – RTS Stock Exchange, MICEX; Saudi Arabia – Riyadh Stock Exchange; Serbia – Belgrade Stock Exchange;
Singapore – The Stock Exchange of Singapore; South Africa – Johannesburg Stock Exchange; Swaziland – Swaziland Stock Exchange;
Sri Lanka – Colombo Stock Exchange; Taiwan – Taipei Stock Exchange Corporation; Thailand – The Stock Exchange of Thailand; Tunisia – Tunis Stock Exchange;
Turkey – Istanbul Stock Exchange;
Ukraine – Ukrainian Stock Exchange;
United Arab Emirates – Abu Dhabi Securities Market, Dubai Financial Market, NASDAQ Dubai;
Uruguay – Montevideo Stock Exchange; Vietnam – Vietnam Stock Exchange; Zambia – Lusaka Stock Exchange; Zimbabwe – Zimbabwe Stock Exchange;
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##### any of the following over the counter markets:

The market organised by the International Capital Market Association;
The (i) market conducted by banks and other institutions regulated by the FCA or the Prudential Regulation Authority (PRA) and (ii) market in non-investment products which is subject to the guidance contained in the Non-Investment Products Code drawn up by the participants in the London market and the Bank of England;
The market in United States government securities conducted by primary dealers regulated by the Federal Reserve Bank of New York and the United States Securities and Exchange Commission;
The over-the-counter market in the United States conducted by primary and secondary dealers regulated by the Securities and Exchanges Commission and by the Financial Industry Regulatory Agency (FINRA) (and by banking institutions regulated by the United States Comptroller of the Currency, the Federal Reserve System or Federal Deposit Insurance Corporation);
The over-the-counter market in Japan regulated by the Securities Dealers Association of Japan;
The Over-the-Counter market in Canadian Government Bonds as regulated by the Investment Dealers Association of Canada;
The French market for Titres de Créances Négociables (over-the-counter market in negotiable debt instruments)
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##### any of the following electronic exchanges:

NASDAQ; KOSDAQ; (Korea)
SESDAQ; (Singapore) TAISDAQ/Gretai Market; (Taiwan) RASDAQ; (Romania)
- In relation to any exchange traded financial derivative contract, any stock exchange on which such contract may be acquired or sold and which is regulated, operates regularly, is recognised and open to the public and which is (i) located in an EEA Member State, (ii) located in Australia, Canada, Hong Kong, Japan, New Zealand, Switzerland, United States (iii) the Channel Islands Stock Exchange (iv) listed at (d) above or (v) any of the following:The Chicago Board of Trade; The Mercantile Exchange;The Chicago Board Options Exchange; EDX London;New York Mercantile Exchange; New York Board of Trade;New Zealand Futures and Options Exchange; Hong Kong Futures Exchange;Singapore Commodity Exchange;Tokyo International Financial Futures Exchange.

Translation (ENFR, 2019-10-17):
# ANNEXE IV
BOURSES DES VALEURS ET MARCHES AUTORISÉS
À l’exception des investissements autorisés dans des titres non cotés, les investissements de la Société se limiteront aux Bourses de valeurs et aux marchés réglementés, en fonctionnement régulier, reconnus et ouverts au public dont la liste figure ci-dessous. La liste des Bourses de valeurs et des marchés ci-dessous est fournie conformément aux exigences de la Banque centrale, qui ne publie aucune liste de marchés agréés.
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##### a. toute Bourse de valeurs :

située dans un État membre de l’EEE (sauf Malte) ;
située en Australie, au Canada, à Hong Kong, au Japon, en Nouvelle-Zélande, en Suisse, aux États-
Unis d’Amérique ; ou
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##### toute Bourse de valeurs figurant dans la liste suivante :

Argentine – Bolsa de Comercio de Buenos Aires, Cordoba, Mendoza, Rosario et La Plata Stock Exchange ;
Bahreïn – Bahrain Stock Exchange ;
Bangladesh – Chittangong Stock Exchange et Dhaka Stock Exchange ;
Botswana – Botswana Stock Exchange ;
Brésil – Bolsa de Valores de Sao Paulo, Bolsa de Valores de Brasilia, Bolsa de Valores de Bahia- Sergipe - Alagoas, Bolsa de Valores de Extremo Sul, Bolsa de Valores de Parana, Bolsa de Valores de Regional, Bolsa de Valores de Santos, Bolsa de Valores de Pernambuco et Paraiba et Bolsa de Valores de Rio de Janeiro ;
Chili – Santiago Stock Exchange et Valparaiso Stock Exchange ;
Chine – Shanghai Stock Exchange, Fujian Stock Exchange, Hainan Stock Exchange et Shenzhen Stock Exchange ;
Colombie – Bolsa de Bogota et Bolsa de Medellin ;
Costa Rica – Bolsa Nacional de Valores ;
Croatie – Zagreb Stock Exchange ;
Egypte – Cairo Stock Exchange et Alexandria Stock Exchange ;
Ghana – Ghana Stock Exchange ;
Inde – Mumbai Stock Exchange, Madras Stock Exchange, Delhi Stock Exchange, Ahmedabab Stock Exchange, Bangalore Stock Exchange, Cochin Stock Exchange, Guwahati Stock Exchange, Magadh Stock Exchange, Pune Stock Exchange, Hyderabad Stock Exchange, Ludhiana Stock Exchange, Uttar Pradesh Stock Exchange, Calcutta Stock Exchange et the National Stock Exchange of India ;
Indonésie – Jakarta Stock Exchange et Surabaya Stock Exchange ;
Israël – Tel Aviv Stock Exchange ;
Côte d’ivoire – Abidjan Stock Exchange ; Jordanie – Amman Stock Exchange ; Kazakhstan – Kazakhstan Stock Exchange ; Kenya – Nairobi Stock Exchange ;
Corée du Sud – Korean Stock Exchange ; Koweït – Kuwait Stock Exchange ; Malaisie – Kuala Lumpur Stock Exchange ; Ile Maurice – Stock Exchange of Mauritius ; Mexique – Bolsa Mexicana de Valores ; Maroc – Bourse de Casablanca ;
Namibie – Namibian Stock Exchange ;
Nigeria – Lagos Stock Exchange, Kaduna Stock Exchange et Port Harcourt Stock Exchange ;
Oman – Muscat Securities Market ;
Pakistan – Lahore Stock Exchange et Karachi Stock Exchange ;
Panama – Panama Stock Exchange ; Pérou – Bolsa de Valores de Lima ; Philippines – Philippines Stock Exchange ; Qatar – Doha Stock Exchange ;
Russie – RTS Stock Exchange, MICEX ; Arabie saoudite – Riyadh Stock Exchange ; Serbie – Belgrade Stock Exchange ;
Singapour – The Stock Exchange of Singapore ; Afrique du Sud – Johannesburg Stock Exchange ; Swaziland – Swaziland Stock Exchange ;
Sri Lanka – Colombo Stock Exchange ; Taïwan – Taipei Stock Exchange Corporation ; Thaïlande – The Stock Exchange of Thailand ; Tunisie – Bourse de Tunis ;
Turquie – Istanbul Stock Exchange ;
Ukraine – Ukrainian Stock Exchange ;
Emirats arabes unis – Abu Dhabi Securities Market, Dubai Financial Market, NASDAQ Dubai ;
Uruguay – Montevideo Stock Exchange ; Vietnam – Vietnam Stock Exchange ; Zambie – Lusaka Stock Exchange ;
Zimbabwe – Zimbabwe Stock Exchange ;
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##### les marchés de gré à gré suivants :

Le marché organisé par l’International Capital Market Association ;
Le (i) marché organisé par des banques et d’autres établissements réglementés par la (FCA) ou la Prudential Regulation Authority (PRA) et (ii) marché de produits autres que des produits d’investissement soumis aux directives énoncées dans le Non Investment Products Code rédigé par les intervenants sur le marché de Londres et la Banque d’Angleterre ;
Le marché des titres de la dette publique des États-Unis organisé par les primary dealers réglementés par la Federal Reserve Bank of New York et la US Securities and Exchange Commission ;
Le marché de gré à gré des États-Unis organisé par les spécialistes des émissions sur les marchés primaire et secondaire et réglementé par la Securities and Exchanges Commission et par la Financial Industry Regulatory Agency (FINRA) (ainsi que par les établissements bancaires soumis à la tutelle du US Comtroller of the Currency, du Federal Reserve System ou de la Federal Deposit Insurance Corporation) ;
Le marché de gré à gré japonais réglementé par la Securities Dealers Association du Japon ;
Le marché de gré à gré des Obligations d’État canadiennes réglementé par l’Investment Dealers Association du Canada ;
Le marché français des Titres de Créances Négociables (marché de gré à gré d’instruments de dette négociables)
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##### l’une des Bourses électroniques suivantes :

NASDAQ ;
KOSDAQ ; (Corée du Sud) SESDAQ ; (Singapour) TAISDAQ/Gretai Market ; (Taiwan) RASDAQ ; (Roumanie)
2	S’agissant des contrats sur instruments financiers dérivés cotés sur une Bourse de valeurs, toute Bourse de valeurs sur laquelle un tel contrat peut être acheté ou vendu, qui est réglementée, en fonctionnement régulier, reconnue et ouverte au public et qui est (i) située dans un État membre de l’EEE, (ii) située en Australie, au Canada, à Hong Kong, au Japon, en Nouvelle-Zélande, en Suisse, aux États-Unis (iii) le Channel Islands Stock Exchange (iv) énumérée au paragraphe (d) ci-dessus ou
(v) l’une des Bourses suivantes :
The Chicago Board of Trade ; The Mercantile Exchange ;
The Chicago Board Options Exchange ; EDX London ;
New York Mercantile Exchange ;
New York Board of Trade ;
New Zealand Futures and Options Exchange ; Hong Kong Futures Exchange ;
Singapore Commodity Exchange ;
Tokyo International Financial Futures Exchange.