DECISION OF THE NATIONAL COMMISSION ON SECURITIES AND STOCK MARKET OF UKRAINE

of June 13, 2019 No. 327

About approval of Changes in Regulations on implementation of depository activity

According to Item 38 parts two of Article 7 and Item 13 of article 8 of the Law of Ukraine "About state regulation of the security market in Ukraine", the Law of Ukraine "About depositary system of Ukraine", for the purpose of enhancement of regulation of questions of implementation of depository activity the National commission on securities and the stock market SOLVED:

1. Approve Changes in the Regulations on implementation of depository activity approved by the decision of the National commission on securities and the stock market of April 23, 2013 No. 735, registered in the Ministry of Justice of Ukraine on June 27, 2013 for No. 1084/23616, which are applied.

2. To Central Securities Depository, depository institutions to bring the internal documents into accord with Changes in the Regulations on implementation of depository activity approved by the decision of the National commission on securities and the stock market of April 23, 2013 No. 735, the approved this decision registered in the Ministry of Justice of Ukraine on June 27, 2013 for No. 1084/23616,, no later than three months from the date of its introduction in force.

3. To department of methodology of regulation of professional participants of the security market () provide Kurochkin I.:

submission of this decision on state registration in the Ministry of Justice of Ukraine;

promulgation of this decision on the official website of the National commission on securities and the stock market.

4. This decision becomes effective from the date of its official publication.

5. Control over the implementation of this decision to assign to the member of the National commission on securities and the stock market Tarabakin D.

Approved by the Decision of the National commission on securities and the stock market of Ukraine of June 13, 2019 No. 327

Changes in Regulations on implementation of depository activity

1. In the Section I:

1) in Item 2:

state paragraph two in the following edition:

"the aggregative account - the account in securities which opens the Central depositary on depository institution or depositary correspondent for implementation of the generalized accounting of securities, the rights to which it is right, on which belong to depositors of such depository institution (except accounting of the securities belonging to depository institution as to the owner), to the owners of securities who do not have the status of the depositor, to the corresponding creditor - in case of transfer of securities on the deposit of the notary, to clients (the client's clients) of the nominee holder or clients (the client's clients) of depositary correspondent in compliance;";

add Item after the paragraph of the fourth with the new paragraph the fifth such content:

"the isolated account - the account in securities of the depositor owner of securities which has no status of the depositor or the client who opens depository institution for implementation of accounting of the rights to securities which respectively belong to the depositor of such depository institution, including the most depository institution as to the owner of securities, the corresponding creditor - in case of transfer of securities on the deposit of the notary, to the owner of securities who has no status of the depositor, or to clients (the client's clients) of the nominee holder on whom information corresponds to information on the certain segregated account of depository institution in the Central depositary;".

With respect thereto the fifth - the twenty eighth to consider paragraphs respectively paragraphs the sixth - the twenty ninth;

the second offer of the paragraph of the eleventh after the words "managing the account in securities" to add with the word", the pawnbroker";

the twelfth after the words "in the Central depositary-the legal entity, to which the issuer" to add the paragraph with words ", depositary correspondent";

the nineteenth to state the paragraph in the following edition:

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info