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

of July 27, 2010 No. 1155

About approval of the Regulations on implementation of financial monitoring by professional participants of the security market

According to part one of article 14 of the Law of Ukraine "About prevention and counteraction of legalization (washing) of income gained in the criminal way or to terrorism financing" and for the purpose of the organization and implementation of financial monitoring by professional participants of the security market State commission on securities and the stock market SOLVED:

1. Approve Regulations on implementation of financial monitoring by professional participants of the security market it (is applied).

2. Declare invalid the decision of the Commission of October 4, 2005 N 538 "About approval of the Regulations on implementation of financial monitoring by members of the security market", registered in the Ministry of Justice of Ukraine on November 16, 2005 for N 1379/11659.

3. To provide to department concerning control and legal work (R. Mashurenko):

submission of this decision on implementation of examination on compliance of the Convention on human rights protection and fundamental freedoms in the Secretariat of the Government representative for cases of the European Court of Human Rights of the Ministry of Justice of Ukraine;

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

4. To management on ensuring activities of the Commission chairman, the organization of work of commission sessions and international backgrounds (N. Piskun) to provide publication of this decision according to requirements of the legislation.

5. This decision becomes effective in 10 days after its state registration.

6. To professional participants of the security market to bring internal documents into accord with Regulations on implementation of financial monitoring by professional participants of the security market approved by this decision, within a month after the introduction it in force.

7. Control over the implementation of this decision to assign to the member of the commission M. Burmaka.

The minutes of Komisiya of July 27, 2010 No. 30

Approved by the Decision of State commission on securities and the stock market of July 27, 2010 No. 1155

Regulations on implementation of financial monitoring by professional participants of the security market

I. General provisions

1. This Provision establishes general requirements of the Commission concerning the organization and carrying out primary financial monitoring by professional participants of the security market (dalshesubjekta of primary financial monitoring).

Action of this Provision extends to the subjects of primary financial monitoring who received in the Commission the license(s) for implementation of certain type(s) of professional activity in the stock market: activities for the securities trading, depository activity, activities, for the organization of stock market trading, activities for asset management of institution investors, and their separate divisions.

Action of this Provision does not extend to banks/branches of foreign banks which perform professional activity in the security market.

2. In corporate investment funds the organization and carrying out primary financial monitoring are performed by the company on asset management of institutes of joint investment.

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