The Committee on Industrial and Regulatory Policy and Entrepreneurship supports the Bill "On Amendments to several Laws of Ukraine regarding Enhancement of Activity of Self-Regulating Organizations in the Stock Market"

27 April 2011, 15:59

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The bill (Reg. No. 8234) amends the Laws "On State Regulation of Stock Market" and "On Securities and Stock Market" to strengthen legal regulation of establishment and activity of self-regulating organizations stock market professionals.

 

The bill determines the tasks, rights and obligations of self-regulating organizations.

 

Thus, the tasks of a self-regulating organization stock market professional are as follows: development and establishment of the rules of self-regulating organizations, standards of professional behaviour and pursuit of a respective kind of professional activity, which are obligatory for the stock market professionals members of self-regulating organizations; control over the observance of these rules and standards; promotion of development of a particular professional activity and stock market on the whole; information and methodological support to the members of self-regulating organizations and other stock market participants; regulation of professional activity in the stock market in other forms determined by the legislation and foundation documents of a self-regulating organization.