# Appendix II – Eligible Securities & Derivatives Markets
With the exception of permitted investments in unlisted securities, the Unit Trust will only invest in securities traded on a stock exchange or market which meets with the regulatory criteria (regulated, operated regularly, be recognised and open to the public) and which is listed below.
For the purpose of the Unit Trust, a market shall be:
In relation to any Investment which constitutes a transferable security or an exchange traded derivative:
- any stock exchange or market which is:
	- located in any Member State of the EEA; or
	- located in any of the following countries:Australia Canada JapanNew Zealand SwitzerlandUnited States of America; or

- any stock exchange or market included in the following list::Abu Dhabi	Abu Dhabi Securities ExchangeArgentina	Bolsa de Comercio de Buenos AiresArgentina	Mercado Abierto ElectronicoBahrain	Bahrain BourseBangladesh	Dhaka Stock Exchange LtdBangladesh	Chittagong Stock ExchangeBrazil	Sociedade Operadora Do Mercado De Ativos S.A.

Brazil	BM & F Bovespa SA
Brazil	Central de Custodia e de Liquidacao Financiera de Titulos
Chile	Bolsa Electronica De Chile
Chile	Bolsa de Comercio de Santiago
China	Shanghai Stock Exchange
China	Shenzhen Stock Exchange
Colombia	Bolsa De Valores De Colombia
Dubai	Dubai Financial Market
Dubai	NASDAQ Dubai Limited
Egypt	The Egyptian Exchange
Ghana	Ghana Stock Exchange
Hong Kong	Stock Exchange Of Hong Kong Ltd
Hong Kong	Hong Kong Futures Exchange
Iceland	NASDAQ OMX ICELAND
India	National Stock Exchange
India	Bombay/Mumbai Stock Exchange
Indonesia	Indonesia Stock Exchange
Israel	Tel Aviv Stock Exchange
Jordan	Amman Stock Exchange
Kazakhstan	Kazakhstan Stock Exchange
Kenya	Nairobi Securities Exchange Korea, Republic of	Korea Stock Exchange Kuwait	Kuwait Stock Exchange
Lebanon	Beirut Stock Exchange
Malaysia	Bursa Malaysia Berhad
Mauritius	Stock Exchange of Mauritius Ltd
Mexico	Bolsa Mexicana De Valores (Mexican Stock Exchange)
Morocco	Casablanca Stock Exchange
Nigeria	Nigerian Stock Exchange
Oman	Muscat Securities Market
Pakistan	Karachi Stock Exchange
Pakistan	Lahore Stock Exchange
Pakistan	Islamabad Stock Exchange
Peru	Bolsa De Valores De Lima
Philippine	Philippine Stock Exchange, Inc.
Qatar	Qatar Exchange
Russia	Moscow Exchange
Saudi Arabia	Saudi Arabia Tadawul Stock Exchange
Serbia	Belgrade Stock Exchange
Singapore	Singapore Exchange
South Africa	JSE Securities Exchange
Sri Lanka	Colombo Stock Exchange
Taiwan	Taiwan Stock Exchange Corporation
Thailand	Stock Exchange of Thailand
Trinidad and Tobago	Trinidad and Tobago Stock Exchange Tunisia	Bourse des Valeurs Mobilieres de Tunis
Turkey	Istanbul Stock Exchange
Ukraine	PFTS Stock Exchange
Uruguay	Bolsa De Valores De Montevideo
Venezuela	Bolsa De Valores De Caracas
Vietnam	Ho Chi Minh Stock Exchange
Vietnam	Hanoi Securities Trading Centre
Zambia	Lusaka Stock Exchange
- any of the following exchanges or markets:
	- the market organised by the International Capital Markets Association;
	- the “listed money market institutions”, as described in the Bank of England publication "The Regulation of the Wholesale Markets in Sterling, Foreign Exchange and Bullion" dated April 1988 (as amended from time to time);
	- the market in US government securities conducted by primary dealers which are regulated by the Federal Reserve Bank of New York;
	- a market comprising dealers which are regulated by the United States National Association of Securities Dealers and the United States Securities and Exchange Commission;
	- NASDAQ in the United States; and
	- the over-the-counter market in Japan regulated by the Securities Dealers Association of Japan.
	- the over-the-counter market in the United States regulated by the National Association of Securities Dealers Inc. (also described as 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 National Association of Securities Dealers (and by banking institutions regulated by the US Comptroller of the Currency, the Federal Reserve System or Federal Deposit Insurance Corporation);
	- 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.

- All derivatives exchanges on which permitted financial derivative instruments may be listed or traded:
	- in a Member State
	- in a Member State in the European Economic Area (European Union Norway, Iceland and Liechtenstein);
	- in the United States of America, on the
		- Chicago Board of Trade;
		- Chicago Board Options Exchange;
		- Chicago Mercantile Exchange;
		- Eurex US;
		- New York Futures Exchange.
		- New York Mercantile Exchange;

	- in China, on the Shanghai Futures Exchange;
	- in Hong Kong, on the Hong Kong Futures Exchange;
	- in Japan, on the
		- Osaka Securities Exchange;
		- Tokyo Financial Exchange Inc.;
		- Tokyo Stock Exchange;


- in New Zealand, on the NZX Limited;
- in Singapore, on the Singapore Mercantile Exchange.

PROVIDED THAT the Depositary and the Manager shall be entitled without the sanction of an Extraordinary Resolution to modify this definition by adding to or deleting from the countries, markets and exchanges described above.
The markets and exchanges described above are set out herein in accordance with the requirements of the Central Bank which does not issue a list of approved markets.

Translation (ENFR, 2018-04-30):
# Annexe II – Marchés des Valeurs et des Instruments Dérivés Admissibles
À l'exception des investissements autorisés en titres non cotés, le Fonds n'investira que sur des titres négociés sur une Bourse ou un marché qui répond aux critères imposés par les autorités de tutelle (marché réglementé, dont le fonctionnement est régulier, agréé et ouvert au public) et dont la liste figure ci-dessous.

## Aux fins du Fonds, le terme « marché » signifie :

## pour un Investissement en valeurs mobilières ou un instrument dérivé négocié en bourse :
- toute Bourse ou tout marché :
	- situé(e) dans un État membre de l'EEE ; ou
	- situé(e) dans l’un des pays suivants :Australie CanadaÉtats-Unis d'Amérique JaponNouvelle-Zélande Suisse ; ou

- toute Bourse ou tout marché dans la liste suivante :Abu Dhabi	Abu Dhabi Securities ExchangeAfrique du Sud	JSE Securities ExchangeArabie saoudite	Saudi Arabia Tadawul Stock Exchange Argentine	Bolsa de Comercio de Buenos AiresArgentine	Mercado Abierto ElectronicoBahreïn	Bahrain BourseBangladesh	Dhaka Stock Exchange LtdBangladesh	Chittagong Stock ExchangeBrésil	BM & F Bovespa SABrésil	Central de Custodia e de Liquidacao Financiera de TitulosBrésil	Sociedade Operadora Do Mercado De Ativos S.A.


## Chili	Bolsa de Comercio de Santiago

## Chili	Bolsa Electronica De Chile

## Chine	Shanghai Stock Exchange

## Chine	Shenzhen Stock Exchange

## Colombie	Bolsa De Valores De Colombia Corée, République de	Korea Stock Exchange

## Dubaï	Dubai Financial Market

## Dubaï	NASDAQ Dubai Limited

## Égypte	The Egyptian Exchange

## Ghana	Ghana Stock Exchange

## Hong Kong	Hong Kong Futures Exchange

## Hong Kong	Stock Exchange Of Hong Kong Ltd

## Île Maurice	Stock Exchange of Mauritius Ltd

## Inde	Bombay/Mumbai Stock Exchange

## Inde	National Stock Exchange

## Indonésie	Indonesia Stock Exchange

## Islande	NASDAQ OMX ICELAND

## Israël	Tel Aviv Stock Exchange

## Jordanie	Amman Stock Exchange

## Kazakhstan	Kazakhstan Stock Exchange

## Kenya	Nairobi Securities Exchange

## Koweït	Kuwait Stock Exchange

## Liban	Beirut Stock Exchange

## Malaisie	Bursa Malaysia Berhad

## Maroc	Casablanca Stock Exchange

## Mexique	Bolsa Mexicana De Valores (Mexican Stock Exchange)

## Nigeria	Nigerian Stock Exchange

## Oman	Muscat Securities Market

## Pakistan	Islamabad Stock Exchange

## Pakistan	Karachi Stock Exchange

## Pakistan	Lahore Stock Exchange

## Pérou	Bolsa De Valores De Lima

## Philippines	Philippine Stock Exchange, Inc.

## Qatar	Qatar Exchange

## Russie	Moscow Exchange

## Serbie	Belgrade Stock Exchange

## Singapour	Singapore Exchange

## Sri Lanka	Colombo Stock Exchange

## Taïwan	Taiwan Stock Exchange Corporation

## Thaïlande	Stock Exchange of Thailand

## Trinité-et-Tobago	Trinidad and Tobago Stock Exchange Tunisie	Bourse des Valeurs Mobilières de Tunis

## Turquie	Istanbul Stock Exchange

## Ukraine	PFTS Stock Exchange

## Uruguay	Bolsa De Valores De Montevideo

## Venezuela	Bolsa de Valores de Caracas

## Vietnam	Hanoi Securities Trading Centre

## Vietnam	Ho Chi Minh Stock Exchange

## Zambie	Lusaka Stock Exchange
- les Bourses ou marchés suivants :
	- le marché organisé par l’ « International Capital Markets Association » ;
	- le marché des « institutions cotées du marché monétaire » tel que décrit dans la publication de la Banque d’Angleterre « The Regulation of the Wholesale Markets in Sterling, Foreign Exchange and Bullion » d’avril 1988 (telle qu’amendée périodiquement) ;
	- le marché sur titres du gouvernement américain des « primary dealers » qui sont contrôlés par la« Federal Reserve Bank of New York » ;

- un marché composé de courtiers contrôlés par la « United States National Association of Securities Dealers » et la « United States Securities and Exchange Commission » ;
- le NASDAQ aux États-Unis ; et
- le marché de gré à gré du Japon contrôlé par la « Securities Dealers Association of Japan » ;
- le marché de gré à gré américain contrôlé par la « National Association of Securities Dealers Inc. » (peut aussi être décrit comme : le marché de gré à gré américain des « primary dealers » et des« secondary dealers » contrôlés par la « Securities and Exchanges Commission » et par la « National Association of Securities Dealers » (et par des établissements bancaires contrôlés par l’« Office of the Comptroller of the Currency », le « Federal Reserve System » ou la « Federal Deposit Insurance Corporation ») ;
- le marché français des Titres de Créances Négociables (TCN) (marché de gré à gré pour ces titres) ;
- le marché de gré à gré des titres du gouvernement canadien contrôlé par l’« Investment Dealers Association of Canada ».
- tous les marchés à terme sur lesquels des instruments financiers dérivés autorisés sont cotés ou négociés :
- dans un État membre ;
- dans un État membre de l'Espace économique européen (Union européenne, Norvège, Islande et Liechtenstein) ;
- aux États-Unis sur le
	- Chicago Board of Trade ;
	- Chicago Board Options Exchange ;
	- Chicago Mercantile Exchange ;
	- Eurex US ;
	- New York Futures Exchange ;
	- New York Mercantile Exchange ;

- en Chine, sur le Shanghai Futures Exchange ;
- à Hong Kong, sur le Hong Kong Futures Exchange ;
- au Japon, sur le
	- Osaka Securities Exchange ;
	- Tokyo Financial Exchange Inc. ;
	- Tokyo Stock Exchange ;

- en Nouvelle-Zélande, sur NZX Limited ;
- à Singapour, sur le Singapore Mercantile Exchange.

SOUS RÉSERVE que le Dépositaire et la Société de Gestion puissent sans que cela ne nécessite le vote d’une Résolution Extraordinaire, modifier cette définition en ajoutant ou en supprimant des pays, marchés et bourses de la liste ci-dessus mentionnée.

## Les marchés et bourses ci-dessus sont mentionnés conformément aux exigences de la Banque Centrale qui ne publie pas de liste de marchés approuvés.