The Committee on Finance and Banking, Taxation and Customs Policy recommends that the Parliament should adopt in the second reading and in entirety the bill to amend several laws of Ukraine (re financial services market)

Information Department
10 July 2012, 16:52

To increase operational independence and strengthen institutional capacity of state collegiate authorities performing state regulation of financial services market, the bill (Reg. No. 9583) abolishes the necessity of preliminary approval of a part of draft regulatory acts in the sphere by a specially authorized executive body for state regulatory policy, and specifies the terms of publishing the abovementioned acts. The bill amends the laws "On State Regulation of Securities Market in Ukraine", "On Financial Services and State Regulation of the Financial Services Market" and "On the Principles of the State Regulatory Policy in Economic Activity".

The bill stipulates that regulatory acts of the National Commission on Securities and Stock Market shall be registered by the Ministry of Justice of Ukraine.