REUTERS
The document was backed by 267 MPs with at least 226 votes required.
Ukraine's banking regulation bill has passed its first reading on Monday, March 30, having paved the way for a new cooperation program with the International Monetary Fund (IMF).
According to an UNIAN correspondent, 267 lawmakers voted for the adoption of the bill amending some legislative acts of Ukraine regarding the improvement of certain banking regulation mechanisms (No. 2571-d), which was developed by the relevant parliamentary committee.
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The required minimum for adopting a bill is 226 votes.
Parliamentarians also supported the decision with 277 votes to halve the period needed to submit proposals and amendments to the bill for its second reading.
While introducing the bill, Ukrainian President Volodymyr Zelensky called on lawmakers to approve it so that Ukraine could receive the IMF's support for its economy amid the fight against the coronavirus epidemic.
"You know very well which sum Ukraine could receive via a memorandum with the IMF for the support of the Ukrainian economy. I will not speak volumes that we will receive US$10 billion or more. Today it is important to support our economy, it is vital," he said.
As the explanatory note to the bill says, the draft law provides that the process of removing a bank from the market is irreversible, since the relevant decision by the National Bank of Ukraine (IMF) could not be canceled or suspended by a court ruling.
At the same time, the draft law clearly defines the prerequisites and procedures for former owners of withdrawn banks to receive compensation if they prove in court that the NBU's decision was illegal.