Officials have drafted rules under the new legislation
In Ukraine changed the rules of the stock market. At the end of last week they have corrected the national Commission on securities and stock market approved two new regulations: the functioning of the stock exchanges and the registration of changes with the rules of the stock exchange, the report said the securities Commission.
The documents were developed pursuant to two new laws. The communication controller identifies the key innovations of the new rules:
“From now on, will be introduced only one level of listing, and requirements on entering and staying of the securities listing will meet the requirements that previously applied to the second level. All issuers whose securities are included in bond registry as of 1 January 2019, must have a valid prospectus for securities, that is, responding to the new requirements of the legislation and is registered with the securities Commission”, — is spoken in the message of the national Commission.
Stock exchanges will have to enter in the course of their issuers that they already this year have been able to move to a new procedure.
Also, the regulator has listed the main innovations in the derivatives segment as part of the justification, which must now contain:
- description of the underlying asset, the reliability, quality and availability of data sources on the basis of which the strike price of the contract;
- analysis of the dynamics of underlying asset price for the previous 1-3 years (if available);
- assessment of compliance of the financial instrument to the needs of market and customers;
- information about software and hardware that will be used in the conclusion and execution of derivatives, or information on planned activities and timing of the development or acquisition of software and technical means.