The committee recommends the parliament to take it on the first reading the bill No.9034 on bank certificates – the instrument that combines features of bank deposits and securities.
The relevant changes are thought to be introduced into the Commercial Code of Ukraine and a number of laws on securities, stock market, depository system, joint investment institutions, etc.
Compared to bonds or deposits, a bank certificate has the following benefits: as to a deposit - higher liquidity, ease of execution, non-documentary form, the possibility to alienate the certificate in the secondary market prior to its expiration; as to a bond – a one-day issue registration with minimal set of documents.
When voting, the committeemen supported the bill in one voice. Adoption of the bill is believed to contribute to the capital market development through mobilization of financial resources and their effective use, introduction of new financial bank instruments in a non-documentary form.