The Committee on European Integration concluded that the Bill on Amendments to the Law "On Securities and Stock Market" regarding Ukrainian Depository Receipts complies with the European Union Law

10 March 2011, 17:07

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Опис : C:\Documents and Settings\Имя\Рабочий стол\1.jpgThe bill (Reg. No. 7462) regulates circulation of Ukrainian depository receipts. It fixes the following aspects of new financial tools: main mechanisms of their emission, registration of the rights to these financial tools, protection of the owners´ rights, and procedure of disclosing information on such financial tools as Ukrainian depository receipts.

 

The bill amends clause 3 of the Law "On Securities and Stock Market", and supplements this Law with a new clause 14-1 entitled "Ukrainian Depository Receipts."

 

The legal relations belonging to the subject matter of the bill (sphere of financial services) are regulated by the Directive of the European Parliament and the Council №2004/3 9/EU on marketing of financial services, and Directive of the European Parliament and the Council 2000/12/EU.