22 December 2008, 12:10
The Bill (Reg. No.3021) defines legal principles of functioning of the depositary system of Ukraine, including the Central Depositary, establishes the order of registration and confirmation of rights for securities in the system of depositary register of securities, defines the procedure of calculation as regards emissive securities.
The Bill is aimed at provision of proper depositary service of a wide range of investors, including institutional ones (institutes of common investment, pension funds, insurance companies), and improvement of investment conditions in the country, which should facilitate attraction of foreign investments through the instruments of stock market.
Moreover, the Bill eliminates discrepancies in the system of register of rights of ownership for securities, and settles the issues concerning provision of technical consolidation of professional participants of the depositary system of Ukraine.