# Appendix 2: The regulated markets
With the exception of permitted investments in unlisted securities investment will be restricted to those stock exchanges and markets listed in the Prospectus. The Regulated Markets shall comprise:
1.1 Any stock exchange or securities market in the European Union and also any investments listed, quoted or dealt in on any stock exchange or securities market in the UK, US, Australia, Canada, Japan, New Zealand, Norway or Switzerland.
1.2
The market in US government securities which is conducted by primary dealers which are regulated by the Federal Reserve Bank of New York;
The over the counter market in the US conducted by primary dealers and secondary dealers which are regulated by the US Securities and Exchange Commission (SEC) and by the Financial Industry Regulatory Authority (FINRA)., and by banking institutions regulated by the US Comptroller of the Currency, the Federal Reserve System or Federal Deposit Insurance Corporation;
The market conducted listed money market institutions” as described in the Bank of England publication “The Regulation of the Wholesale Cash and OTC Derivatives Markets (in Sterling, foreign currency and bullion)”;
The over-the-counter market in Japan regulated by the Securities Dealers Association of Japan;
The French Market for Titres de Creance Negotiable (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;
The Singapore OTC Corporate Bond Market;
The Bloomberg Multilateral Trading Facility (BMTF); The International Stock Exchange (TISE)
- Any of the following exchanges:

| Argentina | The Buenos Aires Stock Exchange (BCBA) |
| --- | --- |
| Bahrain | The Bahrain Stock Exchange |
| Bangladesh | The Dhaka Stock Exchange |
| Bermuda | The Bermuda Stock Exchange |
| Botswana | The Botswana Stock Exchange |
| Brazil | B3 - Brasil Bolsa Balcão |
| Chile | The Santiago Stock Exchange |
| China | The Shanghai Stock Exchange (SSE) The Shenzhen Stock Exchange (SZSE) |
| Colombia | The Colombia Stock Exchange |
| Croatia |  |
| Egypt | The Egyptian Exchange (EGX) |
| Ghana | The Ghana Stock Exchange |
| Hong Kong | The Stock Exchange of Hong Kong |
| India | The Bombay Stock Exchange (BSE) The Calcutta Stock Exchange The National Stock Exchange of India (NSE) |

| Indonesia | The Indonesia Stock Exchange |
| --- | --- |
| Israel | The Tel Aviv Stock Exchange |
| Kazakhstan | Kazakhstan Stock Exchange |
| Kenya | The Nairobi Stock Exchange (NSE) |
| Kuwait | Boursa Kuwait |
| Lebanon | The Beirut Stock Exchange |
| Malaysia | Bursa Malaysia |
| Mauritius | The Stock Exchange of Mauritius |
| Mexico | The Mexican Stock Exchange |
| Morocco | The Casablanca Stock Exchange |
| Namibia | The Namibian Stock Exchange |
| Nigeria | Nigerian Stock Exchange (NSE) |
| Oman | The Muscat Securities Exchange |
| Pakistan | Pakistan Stock Exchange (PSX) |
| Panama | The Panama Stock Exchange |
| Peru | The Lima Stock Exchange |
| Philippines | The Philippines Stock Exchange |
| Qatar | Qatar Stock Exchange (QE) |
| Russia | Moscow Exchange (MOEX) The Saint Petersburg Stock Exchange |
| Saudi Arabia | The Saudi Stock Exchange (Tadawul) |
| Serbia | The Belgrade Stock Exchange |
| Singapore | Singapore Exchange (SGX) |
| South Africa | The Johannesburg Stock Exchange (JSE) |
| South Korea | Korea Exchange (KRX) |
| Sri Lanka | The Colombo Stock Exchange (CSE) |
| Taiwan | The Taiwan Stock Exchange (TWSE) |
| Thailand | Stock Exchange of Thailand (SET) |
| Turkey | Borsa Istanbul (BIST) |
| Ukraine | The PFTS Stock Exchange The Ukraine Stock Exchange |
| United Arab Emirates | Abu Dhabi Securities Exchange (ADX) The Dubai Financial Market (DFM) NASDAQ Dubai |
| Uruguay | The Montevideo Stock Exchange The Electronic Stock Exchange of Uruguay |
| Vietnam | Ho Chi Minh City Stock Exchange (HOSE) |
| Zambia | The Lusaka Stock Exchange |

- For investments in financial derivative instruments:-The over-the-counter market in the US conducted by primary and secondary dealers regulated by the Securities and Exchange Commission (SEC) and by the Financial Industry Regulatory Authority (FINRA) and by banking institutions regulated by the US Comptroller of the Currency, the Federal Reserve System or Federal Deposit Insurance Corporation;The market conducted by listed money market institutions” as described in the Bank of England publication “The Regulation of the Wholesale Cash and OTC Derivatives Markets (in Sterling, foreign currency and bullion)”;The over-the-counter market in Japan regulated by the Securities Dealers Association of Japan;The French Market for Titres de Creance Negotiable (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; and
- any approved derivative market within the European Economic Area or the United Kingdom on which FDI are traded;
- NYSE American , Australian Stock Exchange (ASX), Bolsa Mexicana de Valores, CME Group (CME), Chicago Board Options Exchange (CBOE), Hong Kong Stock Exchange, Korea Exchange, ICE Futures Exchange, New York Stock Exchange Group, New Zealand Futures and Options Exchange, Osaka Securities Exchange, NASDAQ OMX PHLX, Singapore Stock Exchange(SGX), South Africa Futures Exchange (SAFEX), The National Association of Securities Dealers Automated Quotations System (NASDAQ); Tokyo Stock Exchange; TMX Group Exchange.

These exchanges are listed in accordance with the requirements of the Central Bank, which does not issue a list of approved exchanges.
The aggregate amount of a Fund which may be invested in securities traded on the Pakistan Stock Exchange is 30% of the net asset value of that Fund.
A definition of “Developing Market” is included under the “Definition” section.

Translation (ENDE, 2022-03-01):
# Anhang 2: Geregelte Märkte
Mit der Ausnahme von erlaubten Investitionen in nicht notierte Wertpapiere ist die Anlage auf jene im Prospekt aufgelisteten Börsen und Märkte beschränkt. Die geregelten Märkte umfassen:
1.1 alle Börsen oder Wertpapiermärkte der Europäischen Union sowie alle Anlagen, die an einer Börse oder einem Wertpapiermarkt im Vereinigten Königreich, in den Vereinigten Staaten, in Australien, Kanada, Japan, Neuseeland, Norwegen oder der Schweiz notiert sind oder gehandelt werden;
1.2
den Markt für US-Staatsanleihen, der von den Primärhändlern durchgeführt wird, die von der Federal Reserve Bank of New York reguliert werden;
den Freiverkehrsmarkt der Vereinigten Staaten, der von den Primär- und Sekundärhändlern gemäß den Vorschriften der US Securities Exchange Commission (US-amerikanische Börsenaufsichtsbehörde), der Financial Industry Regulatory Authority (Aufsichtsbehörde für Broker) und den Bankinstituten gemäß den Vorschriften des US Comptroller of the Currency (Bankenaufsichtsbehörde), des US Federal Reserve System (Zentralbanksystem) oder der Federal Deposit Insurance Corporation (Einlagensicherungsfonds) geführt wird;
den Markt, der von den börsennotierten Geldmarktinstituten wie beschrieben in der Publikation der Bank of England mit dem Titel „The Regulation of the Wholesale Cash and OTC Derivatives Markets (in Sterling, foreign currency and bullion) geführt wird;
den außerbörslichen Handel in Japan, der den Vorschriften der Securities Dealers Association of Japan (Vereinigung der Wertpapierhändler) untersteht,
den französischen Markt für Titres de Créances Négociables (der außerbörsliche Markt für marktfähige Schuldinstrumente),
den von der Investment Dealers Association of Canada geregelte außerbörsliche Markt der kanadischen Staatsanleihen;
den OTC-Markt für Unternehmensanleihen in Singapur; die Bloomberg Multilateral Trading Facility (BMTF);
die International Stock Exchange (TISE)
- sämtliche nachfolgenden Börsen:

| Argentinien | Buenos Aires Stock Exchange (BCBA) |
| --- | --- |
| Bahrain | Bahrain Stock Exchange |
| Bangladesch | Dhaka Stock Exchange |
| Bermuda | Bermuda Stock Exchange |
| Botswana | Botswana Stock Exchange |
| Brasilien | B3 - Brasil Bolsa Balcão |
| Chile | Santiago Stock Exchange |
| China | Shanghai Stock Exchange (SSE) Shenzhen Stock Exchange (SZSE) |
| Kolumbien | Colombia Stock Exchange |
| Kroatien |  |
| Ägypten | Egyptian Exchange (EGX) |
| Ghana | Ghana Stock Exchange |
| Hongkong | Stock Exchange of Hong Kong |

| Indien | Bombay Stock Exchange (BSE) Calcutta Stock Exchange National Stock Exchange of India (NSE) |
| --- | --- |
| Indonesien | Indonesia Stock Exchange |
| Israel | Tel Aviv Stock Exchange |
| Kasachstan | Kasachstan Stock Exchange |
| Kenia | Nairobi Stock Exchange (NSE) |
| Kuwait | Boursa Kuwait |
| Libanon | Beirut Stock Exchange |
| Malaysia | Bursa Malaysia |
| Mauritius | Stock Exchange of Mauritius |
| Mexiko | Mexican Stock Exchange |
| Marokko | Casablanca Stock Exchange |
| Namibia | Namibian Stock Exchange |
| Nigeria | Nigerian Stock Exchange (NSE) |
| Oman | Muscat Stock Exchange |
| Pakistan | Pakistan Stock Exchange (PSX) |
| Panama | Panama Stock Exchange |
| Peru | Lima Stock Exchange |
| Philippinen | Philippines Stock Exchange |
| Katar | Qatar Stock Exchange (QE) |
| Russland | Moscow Exchange (MOEX) Saint Petersburg Stock Exchange |
| Saudi-Arabien | The Saudi Stock Exchange (Tadawul) |
| Serbien | Belgrade Stock Exchange |
| Singapur | Singapore Exchange (SGX) |
| Südafrika | Johannesburg Stock Exchange (JSE) |
| Südkorea | Korea Exchange (KRX) |
| Sri Lanka | The Colombo Stock Exchange (CSE) |
| Taiwan | Taiwan Stock Exchange (TWSE) |
| Thailand | Stock Exchange of Thailand (SET) |
| Türkei | Borsa Istanbul (BIST) |
| Ukraine | PFTS Stock Exchange Ukraine Stock Exchange |
| Vereinigte Arabische Emirate | Abu Dhabi Securities Exchange (ADX) Dubai Financial Market (DFM) NASDAQ Dubai |
| Uruguay | Montevideo Stock Exchange Electronic Stock Exchange of Uruguay |
| Vietnam | Ho Chi Minh City Stock Exchange (HOSE) |
| Sambia | Lusaka Stock Exchange |

- Für Anlagen in Finanzderivaten:-Den Freiverkehrsmarkt der Vereinigten Staaten, der von den Primär- und Sekundärhändlern gemäß den Vorschriften der US Securities Exchange Commission (US-amerikanische Börsenaufsichtsbehörde), der Financial Industry Regulatory Authority (Aufsichtsbehörde für Broker) und den Bankinstituten gemäß den Vorschriften des US Comptroller of the Currency (Bankenaufsichtsbehörde), des US Federal Reserve System (Zentralbanksystem) oder der Federal Deposit Insurance Corporation (Einlagensicherungsfonds) geführt wird;Den Markt, der von den börsennotierten Geldmarktinstituten wie beschrieben in der Publikation der Bank of England mit dem Titel „The Regulation of the Wholesale Cash and OTC Derivatives Markets (in Sterling, foreign currency and bullion) geführt wird;den außerbörslichen Handel in Japan, der den Vorschriften der Securities Dealers Association of Japan (Vereinigung der Wertpapierhändler) untersteht,den französischen Markt für Titres de Créances Négociables (der außerbörsliche Markt für marktfähige Schuldinstrumente),den von der Investment Dealers Association of Canada geregelte außerbörsliche Markt der kanadischen Staatsanleihen und
- jeder zugelassene Derivatemarkt innerhalb des Europäischen Wirtschaftsraums oder des Vereinigten Königreichs, an dem Finanzderivate gehandelt werden;
- NYSE American, Australian Stock Exchange (ASX), Bolsa Mexicana de Valores, CME Group (CME), Chicago Board Options Exchange (CBOE), Hong Kong Stock Exchange, Korea Exchange, ICE Futures Exchange, New York Stock Exchange Group, New Zealand Futures and Options Exchange, Osaka Securities Exchange, NASDAQ OMX PHLX, Singapore Stock Exchange(SGX), South Africa Futures Exchange (SAFEX), The National Association of Securities Dealers Automated Quotations System (NASDAQ); Tokyo Stock Exchange; TMX Group Exchange.

Diese Börsen sind in Einklang mit den Bestimmungen der Zentralbank, die keine Liste von genehmigten Börsen herausgibt, aufgeführt.
Der Gesamtbetrag eines Fonds, der in Wertpapiere investiert werden darf, die an der Pakistan Stock Exchange gehandelt werden, liegt bei 30 % des Nettoinventarwerts dieses Fonds.
Eine Definition des Begriffes „Entwicklungsland“ finden Sie im Kapitel „Begriffsbestimmungen“.