Verkhovna Rada adopts Law

Verkhovna Rada adopts Law "On introduction of amendments into Law of Ukraine "On securities and stock market" (as to state derivatives and restructure of state and state-secured debt and its partial writing-off)

Information Department
Published on 17 September 2015, at 12:46

The law regulates some aspects of implementation of Primary conditions, implementation of liabilities taken by Ukraine in the frames of the IMF program in view of redemption and servicing of the state and state-secured debt.

The law introduces new type of securities — state derivatives, which will be offered by the state in the international stock markets and confirm Ukraine's obligations to pay the owner of this security in case Ukraine reaches specific indicators in its GDP.

The law was passed with technical and legal remarks.

Respective draft law was registered under No. 3057.

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