Without violating the provisions of Article (2-3-5) of this Module, employees of a Clearing Agency and their minor children under their custody are not allowed to purchase or sell listed Securities or those Securities that are under a Listing Application, except in the following cases: 1. Inheritance and will. 2. Execution of a court judgment. 3. Public Offering in companies allocated by the State, or offered from public entities and authorities, and subscribing to the Pre-emptive Right in increasing the companies’ capital in which they own shares. 4. Obtaining a prior permission from the Authority, direct manger and Compliance Officer of the Clearing Agency to sell or purchase the listed Securities. In the event of approval, selling or purchasing shall be completed within two Business Days. Any Shares purchased after such an approval may not be sold before six months after taking possession. The Clearing Agency shall prepare a code of professional conduct for the Members of the Board of Directors of the Clearing Agency which shall regulate the trading of the Clearing Agency’s Member of the Board of Directors in listed Securities and those Securities that applied for a Listing in the Exchange.