Ukraine Supports Effective Functioning of Financial Markets
OREANDA-NEWS. September 09, 2010. The Government at its session will adopt a bill to improve the functioning of financial markets, including amending some laws of Ukraine on mortgage bonds. The Prime Minister of Ukraine Mykola Azarov said at the Cabinet session.
"Its adoption will strengthen the protection of investors and streamline the activities of mortgage coverage managers" - Mykola Azarov emphasized.
The Prime Minister said that the adoption of this bill will help to improve State regulation and control of production and circulation of securities, and for professional market participants registration prospectus timing will be reduced, for public investors - protection of their rights will be enhanced through the establishment of mandatory prospectus register emission in private placement and through a ban on amendments to the prospectus after its beginning.
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