News 2 - The Committee on Finance and Banking, Taxation and Customs Policy recommends that the Parliament should adopt as a basis the bill to amend article 15 of the Law "On Mortgage Bonds" (re issue and circulation of mortgage bonds) - Verkhovna Rada of Ukraine

The Committee on Finance and Banking, Taxation and Customs Policy recommends that the Parliament should adopt as a basis the bill to amend article 15 of the Law "On Mortgage Bonds" (re issue and circulation of mortgage bonds)

Information Department
Published on 25 June 2012, at 16:15

The bill (Reg. No. 10282) excludes from article 15 of the Law "On Mortgage Bonds" provisions stipulating that the servicing institution cannot be connected with the trustee, emitter and auditor (auditing company).

The Committee stressed that the necessity to introduce these amendments is connected with the fact that, in practice, the function of servicing mortgage loans is a technical one, and its performance does not influence the quality of mortgage assets and performance of emitter?s obligations under mortgage commitment.

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