The Committee on European Integration concluded that the Bill on Amendments to the Law "On Securities and Stock Market" (re Financial Monitoring of the Activity of the Securities Market Professionals) complies with the European Laws

03 February 2011, 16:40

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Опис : C:\Documents and Settings\Имя\Рабочий стол\2.jpgThe 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.