# SCHEDULE II – RECOGNISED MARKETS
With the exception of permitted investments in unlisted securities and derivative instruments, investments will be restricted to the following stock exchanges and markets listed below in accordance with the regulatory criteria as defined in the Central Bank's Regulations. For the purposes of this Schedule II, reference to "unlisted securities" may include securities that are listed on a market or exchange where such exchange is not set out in the below list in accordance with Regulation 68(1)(c) and 68(2)(a) of the Regulations. The Central Bank does not issue a list of approved stock exchanges or markets.
| (i) | Any stock exchange or market in any EU Member State (except Malta) or in any of the following member countries of the OECD: Australia, Canada, Iceland, Japan, New Zealand, Norway, Switzerland and the United States of America or the United Kingdom; or |
| --- | --- |
| (ii) | Any of the following exchanges or markets: Argentina	Buenos Aires Stock Exchange; Cordoba Stock Exchange, La Plata Stock Exchange, Mercado Argentino de Valores S.A., Mercado Abierto Electronico S.A. , Mercado A Termino de Buenos Aires S.A Bahrain	Bahrain Bourse Bangladesh	Dhaka Stock Exchange, Chittagong Stock Exchange Brazil	BM&F BOVESPA S.A. Chile	Bolsa de Comercio de Santiago, Bolsa Electronica de Chile Bolsa de Valparaiso China	Shanghai Stock Exchange Shenzhen Stock Exchange Stock Connect Bond Connect, China inter bank bond market Colombia	Bogota Stock Exchange, Bolsa de Valores de Colombia Egypt	Egyptian Stock Exchange Hong Kong	Stock Exchange of Hong Kong, Hong Kong Exchanges and Clearing Ltd, Hong Kong Futures Exchange India	National Stock Exchange Bombay Stock Exchange, Ltd., Multi Commodity Exchange (MCX) Indonesia	Indonesia Stock Exchange. Israel	Tel Aviv Stock Exchange Jordan	Amman Stock Exchange Kazakhstan	Central Asian Stock Exchange, Kazakhstan Stock Exchange Kenya	Nairobi Securities Exchange Kuwait	Boursa Kuwait Malaysia	Bursa Malaysia Securities Berhad, Bursa Malaysia Derivatives Berhad Mauritius	Stock Exchange of Mauritius Mexico	Bolsa Mexicana de Valores, Mercado Mexicano de Derivados Morocco	Casablanca Stock Exchange Nigeria	Nigeria Stock Exchange Oman	Muscat Securities Market Pakistan	Pakistan Stock Exchange Karachi, Pakistan Mercantile Exchange Peru	Bolsa de Valores de Lima Philippines	Philippine Stock Exchange Qatar	Qatar Exchange Russia	Open Joint Stock Company Moscow Exchange (Moscow Exchange), Saudi Arabia	Saudi Stock Exchange, Tadawul Stock Exchange Serbia	Belgrade Stock Exchange |

|  | Singapore	Singapore Exchange Limited, CATALIST Sri Lanka	Colombo Stock Exchange South Africa	JSE Limited, South African Futures Exchange South Korea	Korea Exchange (Stock Market), Korea Exchange (KOSDAQ) Taiwan	Taiwan Stock Exchange, Taiwan Futures Exchange GreTai Securities Market Thailand	Stock Exchange of Thailand, Market for Alternative Investments, Bond Electronic Exchange, Thailand Futures Exchange Tunisia	Bourse des Valeurs Mobilieres de Tunis Turkey	Istanbul Stock Exchange, Turkish Derivatives Exchange Ukraine		PFTS Ukraine Stock Exchange United Arab	Abu Dhabi Securities Exchange, Emirates	Dubai Financial Market, NASDAQ Dubai Limited Vietnam	Ho Chi Minh Stock Exchange, Hanoi Stock Exchange |
| --- | --- |
| iii) | The following markets: - the UK market (i) conducted by banks and other institutions regulated by the Financial Conduct Authority ("FCA") and subject to the Inter-Professional Conduct provisions of the FCA's Market Conduct Sourcebook and (ii) in non-investment products which are subject to the guidance contained in the "Non-Investment Product Code" drawn up by the participants in the London market, including the FCA and the Bank of England (formerly known as "The Grey Paper");
- (a) NASDAQ in the United States, (b) the market in the US government securities conducted by the primary dealers regulated by the Federal Reserve Bank of New York; (c) the over-the-counter market in the United States conducted by primary and secondary dealers regulated by the Securities and Exchange Commission and the National Association of Securities Dealers and by banking institutions regulated by the US Controller of Currency, the Federal Reserve System or Federal Deposit Insurance Corporation;
- (a) NASDAQ Japan, (b) the over-the-counter market in Japan regulated by the Securities Dealers Association of Japan, and (c) Market of the High-Growth and Emerging Stocks ("MOTHERS")
- the alternative investment markets in the United Kingdom regulated and operated by the London Stock Exchange;
- the French Market for Titres de Créances Négotiables (over the counter market in negotiable debt instruments)
- the over the counter market in Canadian Government Bonds, regulated by the Investment Dealers Association of Canada-	EASDAQ (European Association of Securities Dealers Automated Quotation)
 |
|  | FDI Americas: Nasdaq, the Chicago Mercantile Exchange, American Stock Exchange, Chicago Board of Trade, Chicago Board of Trade (CBOT) (owned by the CME Group), Chicago Board of Options Exchange, Coffee, New York Futures Exchange, ICE Futures U.S. (ICE), New York Mercantile Exchange, Mexican Derivatives Exchange (MexDer, ,Montreal Exchange (MX), ROFEX (Rosario Futures Exchange), BM&F Bovespa Asia: China Financial Futures Exchange (CFFEX), China Interbank Bond Market (CIBM) Hong Kong Futures Exchange (HKFE) — part of Hong Kong Exchanges and Clearing (HKEx), Bombay Stock Exchange (BSE), Metropolitan Stock Exchange of India Ltd., National Stock Exchange of India (NSE), Bursa Malaysia Derivatives Berhad, Tokyo Financial Exchange (TFX), Osaka Securities Exchange (OSE) Taiwan Futures Exchange (TAIFEX), Thailand Futures Exchange (TFEX), Singapore Exchange (SGX), Singapore International Monetary Exchange, Singapore Commodity Exchange,, Korea Exchange (KRX) Pakistan Stock Exchange, Eurex Asia, |

|  | Australasia: Australian Securities Exchange (ASX), Sydney Futures Exchange New Zealand Exchange (NZX), New Zealand Futures and Options Exchange , Africa/Middle East: Johannesburg Stock Exchange (“JSE”) — Equity Derivatives Market, Dubai Gold & Commodities Exchange, NASDAQ Dubai Europe: Athens Derivative Exchange, IDEM, Borsa Istanbul, Budapest Stock Exchange (BSE), Eurex Deutschland, Eurex Zurich, Euronext Derivatives Amsterdam, Euronext Derivatives Brussels, Euronext Derivatives Paris, Euronext Derivatives Lisbon, ICE Futures Europe, MEFF Exchange, Moscow Exchange, Nasdaq Copenhagen, Nasdaq Stockholm, Nasdaq Oslo, Nasdaq Helsinki, Ukrainian Exchange (UX), Oslo Bors, Warsaw Stock Exchange, London Stock Exchange — Derivatives Market, Euronext EQF and any exchange or market, including any board of trade or similar entity, or automated quotation system, which exchanges and markets are regulated, operating regularly, recognised and open to the public in an EU Member State or a Member State of the European Economic Area. |
| --- | --- |

Translation (ENFR, 2023-04-28):
# ANNEXE II – MARCHES RECONNUS
A l’exception des investissements autorisés dans des titres et instruments dérivés non inscrits à la cote officielle d'un marché, les investissements se limiteront aux bourses de valeurs et marchés satisfaisant les critères réglementaires définis par les Réglementations de la Banque centrale énumérés ci-dessous. Aux fins de la présente Annexe II, toute référence à des « titres non inscrits à la cote officielle d'un marché » peut inclure des titres cotés sur un marché ou sur une bourse de valeurs ne figurant pas dans la liste ci-dessous, conformément aux Règlements 68(1)(c) et 68(2)(a) des Réglementations. La Banque centrale ne fournit pas de liste des Bourses ou marchés agréés.
| (i) | Toute bourse ou tout marché dans un Etat membre de l’Union européenne (à l’exception de Malte) ou dans un pays membre de l’OCDE figurant dans la liste suivante : Australie, Canada, Islande, Japon, Nouvelle-Zélande, Norvège, Suisse et les Etats-Unis d’Amérique ou le Royaume-Uni ; ou |
| --- | --- |
| (ii) | Les bourses ou marchés suivants : Argentine	Buenos Aires Stock Exchange, Cordoba Stock Exchange, La Plata Stock Exchange, Mercado Argentino de Valores S.A., Mercado Abierto Electronico S.A., Mercado A Termino de Buenos Aires S.A Bahreïn	Bahrain Bourse Bangladesh	Dhaka Stock Exchange, Chittagong Stock Exchange Brésil	BM&F BOVESPA S.A. Chili	Bolsa de Comercio de Santiago, Bolsa Electronica de Chile Bolsa de Valparaiso Chine	Shanghai Stock Exchange Shenzhen Stock Exchange Stock Connect Bond Connect, China Interbank Bond Market Colombie	Bogota Stock Exchange, Bolsa de Valores de Colombia Egypte	Egyptian Stock Exchange Hong Kong	Stock Exchange of Hong Kong, Hong Kong Exchanges and Clearing Ltd, Hong Kong Futures Exchange Inde	National Stock Exchange Bombay Stock Exchange, Ltd., Multi Commodity Exchange (MCX) Indonésie	Indonesia Stock Exchange. Israël	Tel Aviv Stock Exchange Jordanie	Amman Stock Exchange Kazakhstan	Central Asian Stock Exchange, Kazakhstan Stock Exchange Kenya	Nairobi Securities Exchange Koweït	Boursa Kuwait Malaisie	Bursa Malaysia Securities Berhad, Bursa Malaysia Derivatives Berhad Maurice	Stock Exchange of Mauritius Mexique	Bolsa Mexicana de Valores, Mercado Mexicano de Derivados Maroc	Bourse de Casablanca Nigeria	Nigeria Stock Exchange Oman	Muscat Securities Market Pakistan	Pakistan Stock Exchange Karachi, Pakistan Mercantile Exchange Pérou	Bolsa de Valores de Lima Philippines	Philippine Stock Exchange Qatar	Qatar Exchange Russie	Open Joint Stock Company Moscow Exchange (Moscow Exchange), Arabie saoudite	Saudi Stock Exchange, Tadawul Stock Exchange |

|  | Serbie	Belgrade Stock Exchange Singapour	Singapore Exchange Limited, CATALIST Sri Lanka	Colombo Stock Exchange Afrique du Sud	JSE Limited, South African Futures Exchange Corée du Sud	Korea Exchange (Stock Market), Korea Exchange (KOSDAQ) Taïwan	Taiwan Stock Exchange, Taiwan Futures Exchange Gretai Securities Market Thaïlande	Stock Exchange of Thailand, Market for Alternative Investments, Bond Electronic Exchange, Thailand Futures Exchange Tunisie	Bourse des Valeurs Mobilières de Tunis Turquie	Istanbul Stock Exchange, Turkish Derivatives Exchange Ukraine		PFTS Ukraine Stock Exchange Emirats	Abu Dhabi Securities Exchange, Arabes unis	Dubai Financial Market, NASDAQ Dubai Limited Vietnam	Ho Chi Minh Stock Exchange, Hanoi Stock Exchange |
| --- | --- |
| iii) | Les marchés suivants : - le marché du Royaume-Uni (i) tenu par les banques et autres établissements réglementés par la Financial Conduct Authority (FCA) et soumis aux dispositions du code de conduite interprofessionnel du « Market Conduct Sourcebook » de la FCA et (ii) des produits qui ne sont pas considérés comme des produits d’investissement mais qui répondent aux exigences du « Non-Investment Product Code » rédigé par les participants au marché de Londres, dont la FCA et la Banque d’Angleterre (anciennement « The Grey Paper ») ;
- (a) le NASDAQ aux Etats-Unis, (b) le marché des emprunts d’Etat américains tenu par les primary dealers sous la tutelle de la Federal Reserve Bank of New York ; (c) le marché de gré à gré aux Etats- Unis tenu par les primary dealers et les secondary dealers sous la tutelle de la Securities and Exchange Commission et de la National Association of Securities Dealers ainsi que par les établissements bancaires régis par le Controller of Currency, le Federal Reserve System ou la Federal Deposit Insurance Corporation des Etats-Unis ;
- (a) le NASDAQ Japan, (b) le marché de gré à gré du Japon réglementé par la Securities Dealers Association of Japan, et (c) le Market of the High-Growth and Emerging Stocks (« MOTHERS »)
- les marchés d’investissements alternatifs du Royaume-Uni réglementés et exploités par le London Stock Exchange ;
- le marché français des Titres de Créance Négociables (marché hors cote des instruments de créance négociables)
- le marché de gré à gré des emprunts d’Etat canadiens, régi par l’Association canadienne des courtiers en valeurs mobilières ;-	EASDAQ (système de cotation automatique de l'Association européenne des courtiers en valeurs mobilières)
 |
|  | IFD Continent américain : Nasdaq, Chicago Mercantile Exchange, American Stock Exchange, Chicago Board of Trade, Chicago Board of Trade (CBOT) (filiale de CME Group), Chicago Board of Options Exchange, Coffee, New York Futures Exchange, ICE Futures U.S. (ICE), New York Mercantile Exchange, Mexican Derivatives Exchange (MexDer), Bourse de Montréal (MX), Rosario Futures Exchange (ROFEX), BM&F Bovespa Asie : China Financial Futures Exchange (CFFEX), China Interbank Bond Market (CIBM) Hong Kong Futures Exchange (HKFE) — filiale de Hong Kong Exchanges and Clearing (HKEx), Bombay Stock Exchange (BSE), Metropolitan Stock Exchange of India Ltd., National Stock Exchange of India (NSE), Bursa Malaysia Derivatives Berhad, Tokyo Financial Exchange (TFX), Osaka Securities Exchange (OSE), Taiwan Futures Exchange (TAIFEX), Thailand Futures Exchange (TFEX), Singapore Exchange (SGX), Singapore |

|  | International Monetary Exchange, Singapore Commodity Exchange, Korea Exchange (KRX) Pakistan Stock Exchange, Eurex Asia, Australasie : Australian Securities Exchange (ASX), Sydney Futures Exchange, New Zealand Exchange (NZX), New Zealand Futures and Options Exchange, Afrique/Moyen-Orient : Johannesburg Stock Exchange (JSE) — Equity Derivatives Market, Dubai Gold & Commodities Exchange, NASDAQ Dubai Europe : Athens Derivative Exchange, IDEM, Borsa Istanbul, Budapest Stock Exchange (BSE), Eurex Deutschland, Eurex Zurich, Euronext Derivatives Amsterdam, Euronext Derivatives Brussels, Euronext Derivatives Paris, Euronext Derivatives Lisbon, ICE Futures Europe, MEFF Exchange, Moscow Exchange, Nasdaq Copenhagen, Nasdaq Stockholm, Nasdaq Oslo, Nasdaq Helsinki, Ukrainian Exchange (UX), Oslo Bors, Warsaw Stock Exchange, London Stock Exchange — Derivatives Market, Euronext EQF et toute bourse ou marché, incluant toute chambre de commerce ou entité similaire, ou système de cotation automatique, dont les bourses et marchés sont réglementés, opèrent régulièrement, sont reconnus et ouverts au public dans un Etat membre de l’Union européenne ou un Etat membre de l’Espace économique européen. |
| --- | --- |