Article 11 Disposal of Securities
11.1 Securities maintained on the securities accounts shall be transferred or disposed of on the basis of a written transfer order, issued by the holder of the securities.
11.2 The transfer order shall contain at least the following elements:
11.2.1 Name and registered office, or the address of the existing and the new holder;
11.2.2 Unique Identification Number of the existing and new holder;
11.2.3 Security code allocated by the Central Securities Registry;
11.2.4 The number of securities subject to transfer or disposal;
11.2.5 Legal basis of transfer;
11.2.6 The Participant's code entering the transfer into the Central Securities Registry;
11.2.7 Signature of the existing holder.
11.3 An order for the entry of a pledge or any other third-party rights must contain the following elements:
11.3.1 Name and registered office, or the address of the securities holder and the beneficiary;
11.3.2 Unique Identification Number of the securities holder and the beneficiary;
11.3.3 Security code allocated by the Central Securities Registry;
11.3.4 Number of securities subject to disposal;
11.3.5 Content of the right and legal basis for disposal;
11.3.6 Amount and maturity of claim which is secured by the pledge;
11.3.7 Participant's code for entering the transfer into the Central Securities Registry;
11.3.8 Participants authorized to execute (sell, pledge, call) the pledge on behalf of the beneficiary;
11.3.9 Signature of the securities holder.
11.4 Transfer orders for individual holders for:
11.4.1 The transfer of securities to the securities account of the existing holder (movement);
11.4.2 The transfer of securities to the securities account of the new holder (transfer);
11.4.3 The entry or release of a pledge, or any other third party rights on a security;
shall be entered into the Central Securities Registry by the Participant, who maintains a securities account on behalf of an individual holder. All other book-entries shall be entered and executed into the Central Securities Registry by the CSU.
11.5 Transfer orders of an individual holder for entry or release of a lien, or other third-party rights, shall be entered by the Participant directly into the Central Securities Registry through an electronic communication line to the Central Securities Registry and CSU.
11.6 The CSU shall execute the transfer of securities according to the holder's transfer order if the balance on the securities account is sufficient, and there is no legal obstacle for execution.
11.7 It shall be deemed that an obstacle for execution exists if:
11.7.1 A limitation on the disposal of securities exists in accordance with Article 45 of these Rules;
11.7.2 A legal basis for transfer is not exempt pursuant to Article 36 of the BSE's Internal Regulations and Resolution No. 13/1988, as amended by Resolution No. 8/1993.