There are // bodies in focus of our committee scan today:
Committee for Informatization and Communications
The committee head took part in the opening ceremony of the ‘IT Day’ within the frame of the Ukrainian Week in London.
On October 11, he opened the IT-day gig to show Ukraine’s capabilities in the realms of telecom, IT and outsourcing for British partners. One of the goals was to open the door for British investments and innovations meant to be introduced in concert with Ukrainian business. "Great Britain is a global leader in the digital economy, having one of the largest digital economy shares in its GDP. This is a good example of transition from a traditional primary model to a digital economy," said the committee head in his speech. He then also delivered an ample report on the progress in Ukraine’s reforms, stating the crucial thing for the country’s economy to be building up a digital infrastructure.
Speaking about the administrative reform, the committee head observed that the government should appoint a person in charge of promoting the digital economy throughout the country at a state level. The empowered appointee thus would be able to coordinate state-owned stakeholders and private stakeholders towards reaching a common goal.
He also underlined that in the parliament, there is a whole cluster of IT bills pending consideration. The need to build the home consumption market for domestic IT companies, as well as to create a tax incentive system for the IT industry was also highlighted.
Committee on Financial Policy and Banking
The committee recommends the parliament to take it on the first reading the draft bill pointed at consolidating the functions of state regulation of financial services markets.
The bill No.9035, amending certain laws of Ukraine that simplify luring investments and implementing new financial instruments, offers to frame the legal grounds for functioning of capital markets and organized commodity markets in Ukraine, the conduct of professional activities in the said markets, as well as for regulating relations arising during the issue and circulation of securities, dealing with derivatives and transactions with them.
The bill stipulates that it does not cover relations associated with conclusion and execution of transactions beyond the organized commodity markets with respect to products, money market instruments and other property determined by the generic features (characters), and provides that the commodity markets participants’ activity (except operators of organized commodity markets) is regulated by the commodity markets legislation.
The bill also runs the electricity market of Ukraine shall fall within the scope of this law from January 1, 2023 only.
The committee members supported the bill, which would contribute to the effective development of derivative securities and derivatives markets.