Internal Control and Audit

Internal control

Moscow Exchange's internal control system is based on ensuring that the Exchange's operations comply with legislation governing organised trading and associated legislative acts, as well as with the company charter and internal regulations. The Internal Audit Department is responsible for the ongoing implementation of internal control.

Internal control is implemented independently of other company officials and departments, and its results are used to produce a report for the Exchange bodies on the Exchange's compliance with legislative and internal requirements, as well as an evaluation of the effectiveness of the Exchange's risk management system.

Internal control also covers compliance with legislation on insider information and market manipulation.

Internal audit

The Revision Commission controls the Exchange's financial and operating activities.

It assesses financial and operating activities based on the Exchange's annual results, and audits data in the annual report and annual accounting statements.

The Revision Commission creates a summary of the annual accounts and balance, without which the balance may not be approved at the AGM.

The Revision Commission members are elected at the AGM for the year until the next AGM.