OREANDA-NEWS. November 15, 2012. The National Commission on Securities and Stock Market at its meeting has approved the procedure for granting approval for the creation by professional stock market participant a separate unit outside Ukraine.

The Commission is finalizing the procedure of preparing a document, which will regulate the creation by domestic stock companies (brokers, investment funds, traders) of their branches outside Ukraine.

Overall, the document prescribes the conditions under which the Commission will provide companies acceptance to create a separate unit outside Ukraine. It is assumed that the company will be required to provide data which enable this unit to carry out activities. Also Procedure defines the list of documents required for obtaining such acceptance, the technical requirements for companies and especially the elimination of the appropriate division.

Currently, the document is sent to the Ministry of Justice of Ukraine to pass the mandatory procedure of the state registration.