The Verkhovna Rada adopted as a basis the bill to amend article 4 of the Law "On Financial Services and State Regulation of Financial Service Markets" regarding types of financial services (Information Department)

Information Department
18 September 2012, 17:21

The bill (Reg.No.11060) suggests specifying and expanding the range of financial services according to article 4 of the Law "On Financial Services and State Regulation of Financial Service Markets". It suggests also establishing mechanisms to prohibit issuing financial services not included in the abovementioned range. The bill stipulates empowering bodies, responsible for state regulation of financial market services, to make decisions on identifying operations with a particular type of financial services, etc.