16 May 2013, 16:14
The bill (Reg. No. 2662) suggests giving the Settlement Centre of servicing contracts in the financial markets the status of bank institution.
According to the current version of the Law “On Depositary System of Ukraine”, the Settlement Centre is a specialized central institution with special status, exclusive competence of which is to ensure that cash payments for legal actions in securities entered into the stock exchanges and outside the stock exchange, if the calculations are carried out on a "delivery of securities against payment." The Settlement Center opens and maintains cash accounts of the stock market, provides payment of interest on securities, and may lead clearing activities on the stock market, etc. In addition, the Settlement Center will receive a banking license to carry out certain banking transactions and general currency license in the manner prescribed by the National Bank of Ukraine.