OREANDA-NEWS. November 22, 2011. The State Commission on Securities and Stock Market makes amending the Rules of the activity in securities trading. The relevant decision "On Amendments to the Rules (conditions) of activity in securities trading: broker activity, dealer activity, underwriting, securities management" was adopted at a regular meeting of the regulator.

"Changes in legislation and the situation in the stock market prompted us to actualization of the Rules of the activity of trading in securities," the Director of department of methodology of securities regulation, Olexiy Tarasenko said, "We have repeatedly improved this document in connection with the receipt of proposals and comments from the professional participants of stock market and, we hope, now its text will satisfy all the representatives of stock community."

According to Mr. Tarasenko, the regulatory legal act covers general requirements to contracts, the requirements for dealer agreements, to contract for brokerage services, the requirements for single orders as well as to the commission contract, the subcommission agreement. Besides, in the document, there is about the requirements for contract orders and contract underwriting, claims the organization of internal accounting merchant, and also for the verification availability of funds, securities and other financial instruments, reporting dealer to the customer and so on.

At the moment the decision of the regulator submitted for state registration to the Ministry of Justice of Ukraine. It is expected that it would come into force since January 1st, 2012, but not earlier than day of its official publication.