Business News

NSSMC reported the conditions for the provision of information services

Written by credit

From 1 January 2019, the following services may be provided only by a registered company

NSSMC has developed a draft resolution “On approval of Regulations on authorization of persons who intend to carry out activities to provide information services on the stock market, and the conditions for the exercise of such activities.” About it reports a press-service of the Commission.

The draft provides, in particular:

  • the order of presentation and the documents provided by the applicant for inclusion in the Register of persons authorized to provide information services on the stock market;
  • the requirement to undertake the activity of providing information services on the stock market;
  • requirements to program-technical complexes for the implementation of these activities (for business continuity and backup, testing, and power protection information, the processing of incomplete or potentially false information concerning the dissemination of information, ensure the security of information);
  • the order of consideration of documents, the harmonization of domestic regulations and related assets (amendments) the adoption of decisions on approval of appropriate funds or failure to agree appropriate means.

From 1 January 2019 activities to provide information services on the stock market should only be performed by legal entities that have passed the authorization and received a certificate of inclusion in the Register of persons authorized to provide information services on the stock market.

About the author

credit

Leave a Comment