The Chairperson of the Verkhovna Rada of Ukraine Andriy Parubiy opened the session.

He congratulated the Ukrainian Marine Corps on the professional day and thanked them for their wholehearted warrior's trade, wishing them every success. Ditto the workers of radio, TV and communication.

Members of parliament continued to discuss the yesterday’s issue -- the draft bill No.5592-d on simplifying amendments to some laws governing doing business and luring investments by securities issuers, which had been prepared for the second reading.

The body of work for today:

The draft bill No.5592-d on simplifying amendments to some laws governing doing business and luring investments by securities issuers was taken on the second reading.

The law refines the procedure of issuing securities, the system of information disclosure to stock market players, corporate management in joint-stock companies and provision of information services to the stock market. The bill was approved with the committee’s proposals taken into consideration.

The draft bill No.5496 changing the list of official holidays (Article 73 of the Labour Code of Ukraine) was approved.

The bill makes December the 25th an official holiday of Ukraine (the Nativity of Christ according to the Gregorian calendar). The bill also kills the 2nd of May as a red-letter day, referring to May the 1st as Labour Day (May Day) only.

First reading bills approved:

The draft bill No.7114-d on amendments to some laws over establishment and maintenance of the Credit register at the National Bank of Ukraine.

The law empowers the National bank to make and keep the register to be fed with data from banks and the Deposit guarantee fund, and share certain data with the banks and credit bureaus reciprocally.

The law is to set a debt ceiling for a borrower against a feeding bank. Once the borrower tops the ceiling, the bank is at liberty to get credit transactions information on the borrower from the register. The Deposit guarantee fund is by law requested to supply the register with the credit information regarding the banks which are subject to putting out of commission. The banks are at the same time obligated to supply the information to the register, to inform the client that the client-related information is supplied to the register, and to trim the data once claimed soundly by the borrower. The borrower exposed to the register is in turn entitled to have access to the self-related data into the register, and to claim for mending it once disagreed.

The National bank is to be imposed to render the addressed register data to the borrower claiming, and take measures as to mending the invalid data by the banks. The law defines the order of data-to-mend claiming.

To improve performance of the credit bureaus and cut risks of the recipient banks, there has been enlarged the scope of data a credit history is to contain. The above data may solely be shared upon the borrower’s consent.

The bill is also to launch continuous credit data collection facilities in case of cession of legal claims on the loans. The fitting changes are to be introduced in a range of relevant laws, including “On the National Bank of Ukraine”, “On banks and banking”, “On organization of formation and circulation of credit histories”, etc.


(Subject to update)

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