The Committee on Industrial and Regulatory Policy and Entrepreneurship upholds the Bill "On Amendments to Several Legislative Acts of Ukraine" (regarding Activity of Provisional Administration)

24 June 2011, 16:07

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The bill (Reg. No.8565) enhances activity of provisional administration in the market of non-banking financial services, considering the best experience of foreign states and banking sector of Ukraine.

 

Committee Chair N. Korolevska stressed that the primary goal of the bill is to improve provisional administration as an instrument of solvency reestablishment of non-banking financial institution; to protect the rights of financial services consumers; to extend the powers of provisional administrations; to strengthen responsibility of provisional administrations; to strengthen responsibility of individuals resisting initiatives of provisional administration.

 

The Committee members are convinced that implementation of the bill will enhance activity of provisional administrations and protect the rights of consumers of financial services of non-banking institutions.