REUTERS
The bill was registered in parliament on October 17, 2019.
The Verkhovna Rada, Ukraine's parliament, has passed a bill to facilitate investment and introduce new financial tools on the Ukrainian capital market.
Relevant bill No. 2284 considered in the first reading was backed by 285 MPs with the required minimum being 226 votes.
The document is designed to develop financial infrastructure, introduce financial intermediaries, as well as creating conditions for European rules of operation.
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According to the explanatory note to the bill, the document is aimed at ensuring a comprehensive legislative regulation of the principles of functioning of regulated commodity markets, in particular, at ensuring a unified approach to organizing trade in assets cleared for such markets.
At the same time, the bill does not provide for the regulation of activities of commodity market players (except for operators of regulated commodity markets) and operations with commodities outside the regulated market.
The bill also expands a list of financial instruments by incorporating monetary tools, as well as introducing a new type of securities, namely certificates of deposit, green (climate) bonds, option certificates, depositary receipts, etc.
The bill was registered in parliament on October 17, 2019.