News 2 - The Committee on Finance and Banking recommends that the Parliament adopts the Bill on Amendments to the Law "On Securities and Stock Market" (re Arrangement of Conditions to prevent Technical Defaults on Bonds) in the Second Reading - Verkhovna Rada of Ukraine

The Committee on Finance and Banking recommends that the Parliament adopts the Bill on Amendments to the Law "On Securities and Stock Market" (re Arrangement of Conditions to prevent Technical Defaults on Bonds) in the Second Reading

Published on 29 September 2010, at 16:57

The bill (Reg. No. 5157) supplements Clause 8 of the Law "On Securities and Stock Market" that regulates the legal categories of the companies´ bonds with provisions that entitle the companies´ obligors to prolong the circulation period and maturity of securities.

The bill envisages that the companies´ obligors, observing the investors´ rights and by their consent, can prevent the defaults on bonds, thus fulfilling the obligations under the securities.

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