The bill
(Reg. No.7051) sets extra requirements for the financial
monitoring of the activity of
the securities market participants. The extra requirements
concern the compulsory abidance by the requirements
for the organization
of the financial
monitoring beyond the borders of
Ukraine by the affiliated branches and offices
of the securities
market participants.
The Committee concluded that the bill does not contradict clause 10 of the European Parliament and Markets in Financial Instruments Directive 2004/39/ЄС stating that the competent authorized bodies do not issue a license concerning services on investment or investment activity without received information concerning stock holders or their representatives, direct or indirect, individual persons or legal entities with qualifying holding and information concerning their rates.