# 	ANNEX III – RECOGNISED MARKETS
These exchanges and markets are listed in accordance with the regulatory criteria as defined in the Central Bank UCITS Regulations. The Central Bank does not issue a list of approved exchanges and markets.
- Any stock exchange or market in any EU or EEA Member State or in any of the following countries: Australia, Canada, Hong Kong, Japan, New Zealand, Switzerland, the United Kingdom and the United States of America.
- Any of the following markets or exchanges:

| Argentina | Buenos Aires Stock Exchange |
| --- | --- |
|  | Cordoba Stock Exchange |
|  | La Plata Stock Exchange |
|  | Mendoza Stock Exchange |
|  | Rosario Stock Exchange |
| Brazil | Bahia-Sergipe-Alagoas Stock Exchange |
|  | Brasilia Stock Exchange |
|  | Extremo Sul Porto Allegre Stock Exchange |
|  | Minas Esperito Santo Stock Exchange |
|  | Parana Curitiba Stock Exchange |
|  | Pernambuco e Paraiba Recife Stock Exchange |
|  | Regional Fortaleza Stock Exchange |
|  | Rio de Janeiro Stock Exchange |
|  | Santos Stock Exchange |
|  | Sao Paulo Stock Exchange |
| Chile | Santiago Stock Exchange |
|  | Valparaiso Stock Exchange |
| China | Shanghai Securities Exchange |
|  | Shenzhen Stock Exchange |
| Colombia | Colombian Stock Exchange |
| Costa Rica | Bolsa Nacional de Valores S.A. |
| Egypt | Cairo and Alexandria Stock Exchange |
| Ghana | Ghana Stock Exchange |
| India | Bombay Stock Exchange |
|  | National Stock Exchange |
|  | Madras Stock Exchange |
|  | Delhi Stock Exchange |
|  | Ahmedabad Stock Exchange |
|  | Bangalore Stock Exchange |
|  | Cochin Stock Exchange |

|  | Gauhati Stock Exchange |
| --- | --- |
|  | Magadh Stock Exchange |
|  | Pune Stock Exchange |
|  | Hyderabad Stock Exchange |
|  | Ludhiana Stock Exchange |
|  | Uttar Pradesh Stock Exchange |
|  | Calcutta Stock Exchange |
| Indonesia | Jakarta Stock Exchange |
|  | Surabaya Stock Exchange |
| Israel | Tel Aviv Stock Exchange (TASE) |
| Kazakhstan | Kazakhstan Stock Exchange |
| Malaysia | Kuala Lumpur Stock Exchange |
|  | Bumiputra Stock Exchange |
| Mexico | Bolsa Mexicana de Valores |
| Namibia | Namibian Stock Exchange |
| New Zealand | New Zealand Stock Exchange |
| Nigeria | Nigerian Stock Exchange |
| Pakistan | Karachi Stock Exchange |
|  | Lahore Stock Exchange |
| Peru | Lima Stock Exchange |
| Philippines | Philippines Stock Exchange |
| Qatar | Doha Securities Market |
| Russia | Moscow Exchange |
| Serbia | Belgrade Stock Exchange |

| Singapore | Singapore Stock Exchange SESDAQ |
| --- | --- |
| South Africa | Johannesburg Stock Exchange |
| South Korea | Korea Exchange, Inc. (KRX) KRX Stock Market Division (KRX KOSPI |
|  | Market) KRX Futures Market Division (KRX Derivatives Market) |
|  | KRX Korea Securities Dealers Association Automated Quotation (KOSDAQ) Division |
| Sri Lanka | Colombo Stock Exchange |
| Taiwan | Taiwan Stock Exchange |

| Thailand | Thailand Stock Exchange |
| --- | --- |
| Turkey | Istanbul Stock Exchange |
| United Arab Emirates | Dubai Financial Market Dubai International Financial Exchange |
| Ukraine | Ukrainian Stock Exchange |
| Uruguay | Rospide Sociedad de Bolsa S.A. |
| Venezuela | Bolsa de Valores de Caracas |
| Vietnam | Vietnam Stock Exchange |
| Zambia | Lusaka Stock Exchange |

| (iii) | The following markets: - the market organised by the International Capital Markets Association;
- 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 Hong Kong Growth Enterprise Market (“GEM”);
- TAISDAQ
- the Stock Exchange of Singapore Dealing and Automated Quotation (SESDAQ)
- the Taiwan Innovative Growing Entrepreneurs Exchange (“TIGER”)
- the Korean Securities Dealers Automated Quotation (“KOSDAQ”)
- 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)
- 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:
	- located in an EEA Member State,
	- located in Australia, Canada, Hong Kong, Japan, New Zealand, Switzerland, United Kingdom,

 |
| --- | --- |


## United States
- the Channel Islands Stock Exchange
- listed at (ii) above or
- any of the following:
	- The Chicago Board of Trade;
	- The Chicago 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 (ENIT, 2021-08-10):
# 	ALLEGATO III – MERCATI APPROVATI
I seguenti listini e borse valori sono elencati conformemente ai criteri normativi definiti nei Regolamenti OICVM della Banca centrale. La Banca centrale non pubblica un elenco di listini e borse valori approvati.
- Qualsiasi borsa valori o listino in uno Stato membro dell’UE o dello SEE o in uno qualsiasi dei seguenti paesi: Australia, Canada, Hong Kong, Giappone, Nuova Zelanda, Svizzera, Regno Unito e Stati Uniti d’America.
- Uno qualsiasi dei seguenti listini o borse valori:

| Argentina | Borsa valori di Buenos Aires |
| --- | --- |
|  | Borsa valori di Cordoba |
|  | Borsa valori di La Plata |
|  | Borsa valori di Mendoza |
|  | Borsa valori di Rosario |
| Brasile | Borsa valori di Bahia-Sergipe-Alagoas |
|  | Borsa valori di Brasilia |
|  | Borsa valori di Extremo Sul Porto Allegre |
|  | Borsa valori di Minas Esperito Santo |
|  | Borsa valori di Parana Curitiba |
|  | Borsa valori di Pernambuco e Paraiba Rec |
|  | Borsa valori di Regional Fortaleza |
|  | Borsa valori di Rio de Janeiro |
|  | Borsa valori di Santos |
|  | Borsa valori di Sao Paulo |
| Cile | Borsa valori di Santiago |
|  | Borsa valori di Valparaiso |
| Cina | Borsa valori di Shanghai |
|  | Borsa valori di Shenzen |
| Colombia | Borsa valori colombiana |
| Costa Rica | Bolsa Nacional de Valores S.A. |
| Egitto | Borsa valori di Cairo e Alessandria |
| Ghana | Borsa valori del Ghana |
| India | Borsa valori di Bombay |
|  | Borsa valori nazionale |
|  | Borsa valori di Madrassa |
|  | Borsa valori di Delhi |
|  | Borsa valori di Ahmedabad |
|  | Borsa valori di Bangalore |
|  | Borsa valori di Cochin |
|  | Borsa valori di Gauhati |

|  | Borsa valori di Magadh |
| --- | --- |
|  | Borsa valori di Pune |
|  | Borsa valori di Hyderabad |
|  | Borsa valori di Ludhiana |
|  | Borsa valori di Uttar Pradesh |
|  | Borsa valori di Calcutta |
| Indonesia | Borsa valori di Giacarta |
|  | Borsa valori di Surabaya |
| Israele | Borsa valori di Tel Aviv (TASE) |
| Kazakhstan | Borsa valori del Kazakhstan |
| Malesia | Borsa valori di Kuala Lumpur |
|  | Borsa valori di Bumiputra |
| Messico | Bolsa Mexicana de Valores |
| Namibia | Borsa valori namibiana |
| Nuova Zelanda | Borsa valori della Nuova Zelanda |
| Nigeria | Borsa valori nigeriana |
| Pakistan | Borsa valori di Karachi |
|  | Borsa valori di Lahore |
| Perù | Borsa valori di Lima |
| Filippine | Borsa valori delle Filippine |
| Qatar | Mercato titoli di Doha |
| Russia | Borsa di Mosca |
| Serbia | Borsa valori di Belgrado |
| Singapore | Borsa valori di Singapore |

|  | SESDAQ |
| --- | --- |
| Sudafrica | Borsa valori di Johannesburg |
| Corea del Sud | Korea Exchange, Inc. (KRX) |
| Divisione KRX della borsa valori (mercato KRX KOSPI) |
|  | KRX Futures Market Division (mercato dei derivati KRX) |
|  | Divisione KRX della Korea Securities Dealers Association Automated Quotation (KOSDAQ) |
| Sri Lanka | Borsa valori di Colombo |
| Taiwan | Borsa valori di Taiwan |

| Tailandia | Borsa valori della Tailandia |
| --- | --- |
| Turchia | Borsa valori di Istanbul |
| Emirati Arab Uniti | Mercato finanziario di Dubai |
| Dubai International Financial Exchange |
| Ucraina | Borsa valori di ucraina |
| Uruguay | Rospide Sociedad de Bolsa S.A. |
| Venezuela | Bolsa de Valores de Caracas |
| Vietnam | Borsa valori del Vietnam |
| Zambia | Borsa valori di Lusaka |

| (iii) | I seguenti mercati: - il mercato organizzato dall’Associazione internazionale dei mercati dei capitali (International Capital Markets Association);
- il mercato del Regno Unito (i) condotto dalle banche e da altre istituzioni regolamentate dalla Financial Conduct Authority (FCA) e soggetto alle clausole di condotta interprofessionale del Market Conduct Sourcebook della FCA e (ii) in prodotti non di investimento soggetti alle indicazioni contenute nel "Non- Investment Product Code" redatto dai partecipanti della borsa di Londra, comprese FCA e Banca d’Inghilterra (noto in passato come "The Grey Paper");
- (a) NASDAQ negli Stati Uniti, (b) il mercato dei titoli statunitensi condotto dai principali intermediari e regolamentato dalla Federal Reserve Bank of New York; (c) il mercato “over-the-counter” negli Stati Uniti, governato dal intermediari primari e secondari regolamentati dalla Securities and Exchange Commission e dalla National Association of Securities Dealers, nonché da istituti bancari regolamentati dallo US Controller of Currency, dal Federal Reserve System o dalla Federal Deposit Insurance Corporation;
- (a) NASDAQ Giappone, (b) il mercato “over-the-counter” in Giappone, regolamentato dall’Associazione degli intermediari di titoli del Giappone e (c) mercato dei titoli High-Growth ed emergenti (“MOTHERS”)
- i mercati d’investimento alternativo nel Regno Unito, regolamentati e operati dal London Stock Exchange;
- Hong Kong Growth Enterprise Market (“GEM”);
- TAISDAQ
- Stock Exchange of Singapore Dealing and Automated Quotation (SESDAQ)
- Taiwan Innovative Growing Entrepreneurs Exchange (“TIGER”)
- Korean Securities Dealers Automated Quotation (“KOSDAQ”)
- French Market for Titres de Créances Négotiables (il mercato francese dei titoli di credito negoziabili)
- il mercato “over the counter” in titoli di stato canadesi, regolamentato dall’Investment Dealers Association of Canada-	EASDAQ (European Association of Securities Dealers Automated Quotation)
- In relazione ad eventuali operazioni su contratti derivati di tipo ETF, qualsiasi borsa valori su cui tale contratto sarà acquistato o venduto e che è regolamentata, funziona regolarmente, è riconosciuta e aperta al pubblico e che sia:
	- situata in uno Stato Membro dello SEE,
	- situata in Australia, Canada, Hong Kong, Giappone, Nuova Zelanda, Svizzera, Regno Unito, Stati Uniti d’America

 |
| --- | --- |

- Borsa valori delle isole del Canale
- elencata al punto (ii) di cui sopra o
- una delle seguenti:
	- The Chicago Board of Trade;
	- The Chicago 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;