The draft Law is aimed at consolidation of stability of the banking system through regulation of the mechanism of creation of resource basis for the operation of the banking system.
The draft law offers to rule that bank clients have right to receive deposits and interest income accrued on them under term bank agreement only after expiration of respective agreement as against the currently effective rule. In particular, current rule allows individual depositors to receive their deposits or its part at short notice. Early repayment of such deposits and income accrued on them is possible only in case this is envisioned with respective agreement.
Respective amendments are offered to be introduced into Articles 1060, 1065 of the Civil Code of Ukraine, and into Article 13 of the Law of Ukraine “On securities and stock market.”
Respective draft law was registered under No. 1195.