# The exchanges and markets below are listed in accordance with the Central Bank Rules which does not issue a list of approved exchanges and markets.
With the exception of permitted investment in unlisted securities, OTC derivatives or in units of open- ended collective investment schemes, investment will be limited to the following stock exchanges and regulated markets in accordance with the regulatory criteria as defined in the Central Bank Regulations:
	- any stock exchange which is:
		- located in a Member State; or
		- located in Australia, Canada, Hong Kong, Japan, New Zealand, Switzerland, United States of America; or

	- any stock exchange included in the following list:-Algeria	-	Algiers Stock Exchange;Argentina	-	Bolsa  de  Comercio  de  Buenos  Aires,  Cordoba,Mendoza, Rosario and La Plata Stock Exchange;Bahrain	-	Bahrain Stock Exchange;Bosnia	-	Sarajevo 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;Bulgaria	-	Sofia Stock Exchange;Channel Islands	-	Channel Islands Stock Exchange;Chile	-	Santiago Stock Exchange and Valparaiso Stock Exchange;China	-	Shanghai Stock Exchange and Shenzhen Stock Exchange;Colombia	-	Bolsa de Bogota and Bolsa de Medellin;Costa Rica	-	Bolsa Nacional de Valores;Croatia	-	Stock Exchange of Zagreb);Dominican Republic	-	The Stock Exchange of the Dominican Republic; Ecuador	-	Quito Stock Exchange andGuayaquil Stock Exchange;Egypt	-	Cairo Stock Exchange and Alexandria Stock Exchange;El Salvador	-	San Salvador Stock Exchange; Guatemala	-	Bolsa de Valores Nacional SA Guatemala;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	StockExchange;Iran	-	Tehran Stock Exchange;Israel	-	Tel Aviv Stock Exchange;Ivory Coast	-	Abidjan Stock Exchange;Jamaica	-	Jamaica Stock Exchange;Jordan	-	Amman Stock Exchange;Kazakstan	-	Kazakhstan Stock Exchange;Lebanon	-	Beirut Stock Exchange;Macedonia	-	Macedonian Stock Exchange;Malaysia	-	Kuala Lumpur Stock Exchange;Mexico	-	Bolsa Mexicana de Valores;Morocco	-	Casablanca Stock Exchange;Nigeria	-	Lagos Stock Exchange, Kaduna Stock Exchange andPort Harcourt Stock Exchange;Pakistan	 -	Lahore Stock Exchange and Karachi Stock Exchange; Panama	-	Panama Stock Exchange;Peru	-	Bolsa de Valores de Lima ;Philippines	-	Philippines Stock Exchange;Quatar	-	Doha Stock Exchange;Romania	-	Bucharest Stock Exchange;Russia	-	RTS Stock Exchange, MICEX (solely in relation to equity securities that are traded on level 1 or level 2 of the relevant exchange);Serbia	-	Belgrade Stock Exchange;Singapore	 -	The Stock Exchange of Singapore; South Africa	-	Johannesburg Stock Exchange; South Korea	 -	Seoul Stock Exchange;Taiwan	-	Taipei Stock Exchange Corporation;Thailand	-	The Stock Exchange of Thailand;Trinidad& Tobago	-	The Trinidad & Tobago Stock Exchange; Tunisia	-	Tunis Stock Exchange;Turkey	-	Istanbul Stock Exchange;Ukraine	-	Ukrainian Stock Exchange;Uruguay	-	Montevideo Stock Exchange;Venezuela	-	Caracas Stock Exchange and Maracaibo Stock Exchange;Vietnam	-	Securities Trading Centre (STC), Ho Chi Minh City

- any of the following:The market organised by the International Capital Markets Association (formerly known as that International Securities Market Association);The (i) market conducted by banks and other institutions regulated by the Financial Services Authority (FCA) and subject to the Inter-Professional Conduct provisions of the FCA’s Market Conduct Sourcebook and (iii) 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, including the FCA and the Bank of England;The market in US government securities conducted by primary dealers regulated by the Federal Reserve Bank of New York and the US Securities and Exchange Commission;The over-the-counter market in the United States conducted by primary and second 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);KOSDAQ; NASDAQ; SESDAQ;TAISDAQ/Gretai Market; The Chicago Board of Trade;The Chicago Mercantile Exchange;The Johannesburg Securities Exchange;The Singapore International Monetary Exchange;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 Creance Negotiable (over-the-counter market in negotiable debt instruments);The Chinese Inter-Bank Bond Market regulated by the Chinese Central Bank – People's Bank of China.
- In relation to any exchange traded financial derivative contract, any stock exchange or market 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 a Member State, or (ii) the Channel Islands Stock Exchange, or (iii) included in the lists of exchanges and markets at 1(a), (b) and (c) above.

Translation (ENES, 2016-07-25):
# Las bolsas de valores y mercados que se ofrecen a continuación se enumeran de conformidad con las Normas del Banco Central que no publica una lista de bolsas y mercados aprobados.
A excepción de las inversiones autorizadas en valores no cotizados, derivados OTC o en participaciones de organismos de inversión colectiva de capital variable, las inversiones se limitarán a los siguientes mercados regulados y bolsas de valores de acuerdo con los criterios regulatorios en el sentido del Reglamento del Banco Central:
- ​
	- cualquier bolsa de valores que esté situada en:
		- un Estado miembro; o
		- Australia, Canadá, Hong Kong, Japón, Nueva Zelanda, Suiza, Estados Unidos de América; o

	- cualquier bolsa de valores incluida en la siguiente lista:Argelia	-	Bolsa de Valores de Argelia;Argentina	-	Bolsa de Comercio de Buenos Aires, y Bolsas deValores de Córdoba, Mendoza, Rosario y La Plata;Bahréin	-	Bolsa de Valores de Baréin;Bosnia	-	Bolsa de Valores de Sarajevo;Brasil	-	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 Paraná, Bolsa de Valores de Regional, Bolsa de Valores de Santos, Bolsa de Valores de Pernambuco e Paraiba y Bolsa de Valores de Río de Janeiro;Bulgaria	-	Bolsa de Valores de Sofía;Islas del Canal	-	Bolsa de Valores de las Islas del Canal; Chile	 -	Bolsas de Valores de Santiago y Valparaíso;China	-	Bolsas de Valores de Shanghái y Shénzhen; Colombia-	Bolsa de Bogotá y Bolsa de Medellín;Costa Rica	-	Bolsa Nacional de Valores;Croacia	-	Bolsa de Valores de Zagreb;República Dominicana -	Bolsa de Valores de la República Dominicana; Ecuador	-	Bolsa de Valores de Quito yBolsa de Valores de Guayaquil;Egipto	-	Bolsa de Valores de El Cairo y Bolsa de Valores de Alejandría;El Salvador	-	Bolsa de Valores de San Salvador; Guatemala	-	Bolsa de Valores Nacional SA Guatemala; India	 -	Bolsa de Valores de Mumbai, Madrás, Delhi,Ahmedabab, Bangalore, Cochin, Guwahati, Magadh, Pune, Hyderabad, Ludhiana, Uttar Pradesh, Calcuta y la Bolsa de Valores Nacional de India;Indonesia	 -	Bolsas de Valores de Yakarta y Surabaya; Irán	-	Bolsa de Valores de Teherán;Israel	-	Bolsa de Valores de Tel Aviv; Costa de Marfil	-	Bolsa de Valores de Abiyán; Jamaica	-	Bolsa de Valores de Jamaica;Jordania	-	Bolsa de Valores de Amán;Kazajstán	-	Bolsa de Valores de Kazajstán;Líbano	-	Bolsa de Valores de Beirut;Macedonia	-	Bolsa de Valores de Macedonia;Malasia	-	Bolsa de Valores de Kuala Lumpur;México	-	Bolsa Mexicana de Valores;Marruecos	-	Bolsa de Valores de Casablanca;Nigeria	-	Bolsas de Valores de Lagos, Kaduna y Port Harcourt;Pakistán	-	Bolsas de Valores de Lahore y Karachi;Panamá	-	Bolsa de Valores de Panamá;Perú	-	Bolsa de Valores de Lima;Filipinas	-	Bolsa de Valores de Filipinas;Catar	-	Bolsa de Valores de Doha;Rumania	-	Bolsa de Valores de Bucarest;Rusia	-	RTS y MICEX (únicamente en relación con valores de renta variable que se negocien en los niveles 1 o 2 de de ambos);Serbia	-	Bolsa de Valores de Belgrado;Singapur	-	Bolsa de Valores de Singapur;Sudáfrica	-	Bolsa de Valores de Johannesburgo; Corea del Sur	 -	Bolsa de Valores de Seúl;Taiwán	-	Bolsa de Valores de Taipéi;Tailandia	-	Bolsa de Valores de Tailandia;Trinidad y Tobago	-	Bolsa de Valores de Trinidad y Tobago; Túnez	-	Bolsa de Valores de Túnez;Turquía	-	Bolsa de Valores de Estambul;Ucrania	-	Bolsa de Valores de Ucrania;Uruguay	-	Bolsa de Valores de Montevideo; Venezuela	 -	Bolsas de Valores de Caracas y Maracaibo; Vietnam	 -	Mercado de Valores de Ho Chi Minh City;

- cualquiera de los siguientes:El mercado organizado por la International Capital Markets Association (anteriormente conocida como la International Securities Market Association);El mercado (i) dirigido por bancos y otras entidades reguladas por la Financial Conduct Authority (FCA) y sujeto a las disposiciones de conducta interprofesional del Market Conduct Sourcebook de la FCA, y (ii) el mercado de productos no de inversión que esté sujeto a las disposiciones del Non-Investment Products Code redactado por los participantes del mercado de Londres, incluidos la FCA y el Banco de Inglaterra;El mercado de valores del Tesoro estadounidenses dirigido por operadores del mercado primario regulados por el Banco de la Reserva Federal de Nueva York y la Securities and Exchange Commission (SEC) de Estados Unidos;El mercado extrabursátil (OTC) de Estados Unidos dirigido por operadores del mercado primario y secundario regulados por la Securities and Exchange Commission (SEC) y por la National Association of Securities Dealers (y por entidades bancarias reguladas por la US Comptroller of the Currency, el Sistema de la Reserva Federal o la Sociedad Federal de Seguro de Depósitos);KOSDAQ; NASDAQ; SESDAQ;TAISDAQ/Mercado de valores de Gretai; El Chicago Board of Trade;El Chicago Mercantile Exchange;La Bolsa de Valores de Johannesburgo;La Singapore International Monetary Exchange (SIMEX);El mercado extrabursátil (OTC) de Japón regulado por la Securities Dealers Association de Japón;El mercado extrabursátil (OTC) de Deuda Pública Canadiense regulado por la Investment Dealers Association de Canadá;El mercado francés de Titres de Créances Négotiables (los mercados extrabursátiles (OTC) de instrumentos de deuda negociables);El mercado de bonos interbancarios de China regulado por el Banco Central de China – Banco Popular de China.
- En relación con cualquier contrato de derivados financieros negociados en bolsa, cualquier bolsa de valores o mercado en los que dicho contrato pueda comprarse o venderse y que sea un mercado regulado, que opere con regularidad, reconocido y abierto al público, y esté (i) situado en un Estado miembro, o (ii) la Bolsa de Valores de las Islas del Canal, o (iii) esté incluido en los puntos 1(a), (b) y (c) de la lista de bolsas de valores y mercados anterior.