15 October 2019, 18:15

Tuesday’s evening session is over

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15 October 2019, 14:16

Tuesday’s morning session is over

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15 October 2019, 11:45

Tuesday’s plenary sitting: The Order Paper

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15 October 2019, 11:30

Sitting of Conciliation Commission

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11 October 2019, 18:15

Committees round-up: Daily

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11 October 2019, 12:38

‘Legislative Initiatives for Land Reform’: Parliamentary briefing

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10 October 2019, 21:00

Chairman meets foreign auditors to enhance and smooth further co-operation

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10 October 2019, 19:45

Speaker D. Razumkov, Dutch foreign minister S.Blok in talks on further UA-NL relations

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27 August 2019

Speaker briefs on Rada-3 touch key developments

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11 July 2016

Verkhovna Rada Committee on State Building, Regional Policy and Local Self-Government recommends Ukrainian Parliament adopt draft law "On amendments to some legislative acts of Ukraine" (as to voluntary unification of territorial communities) as a basis

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02 June 2016

"We return to Ukrainian right on truth". Speech of President of Ukraine Petro Poroshenko in the Verkhovna Rada of Ukraine

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15 October 2019

Tuesday’s evening session is over

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15 October 2019

Tuesday’s morning session is over

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15 October 2019

Tuesday’s plenary sitting: The Order Paper

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15 October 2019

Sitting of Conciliation Commission

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11 October 2019

Committees round-up: Daily

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11 October 2019

‘Legislative Initiatives for Land Reform’: Parliamentary briefing

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10 October 2019

VRada and Cabinet launch joint Euro-Atlantic integration platform: Parliamentary briefing

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08 October 2019

Committees round-up: Daily

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News

17 July 2007, 14:54

The Committee on Finance and Banking is Considering the Bill on Amendments to the Law "On Financial Services and State Regulation of the Financial Service Market" (Concerning Corporate Management and Disclosure of Information)

The authors of the Bill deem necessary to adopt these amendments, because corporate relations in financial enterprises, established in the form of economic associations, are at present regulated by the general legislation of Ukraine about economic associations which does not always comprehend the peculiarity of activities of financial enterprises and interests of other, apart from shareholders, interested people, - first of all, users of financial services.  

The main challenge of the Bill (Reg. No. 3685) is to increase protection of interests of financial services users, creation of favourable conditions for development and functioning of the financial services market, securing equal opportunities of access to the financial services markets and protection of rights of their participants, control over transparency and openness of the financial services markets and facilitation of integration into European and world financial services markets.

The Bill envisages definition of the concept and peculiarities of the corporate management in financial enterprises, established in the form of an economic association. It also includes the statement concerning disclosure of information by the financial institutions, including disclosure in the form of report on corporate management and while consulting the customers.

According to the Bill, the financial enterprises should disclose financial and consolidated financial reporting, compiled and submitted in accordance with the legislation, and report on corporate management in the financial enterprise (for financial enterprises, established in the form of joint-stock companies) which is compiled according to the requirements of current legislation.

Introduction and implementation of the requirements, determined by the Bill, will help to establish in Ukraine the international rules of development of financial services markets in the part concerning corporate management and information disclosure, protection of rights of financial services users and other market participants and will also secure stable development of the financial services markets.