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The Strategy of the Fund Market Registration Operators Activity in the Process of Realization of the Basic Regulations of the Ukrainian Law about the Joint-Stock Companies

Author(s): K. Serdiukov

Journal: Economics of Development
ISSN 1683-1942

Volume: 54;
Issue: 2;
Start page: 11;
Date: 2010;
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Keywords: National Depository System | uncertificated securities | the registrar | the Law of Ukraine "On Joint Stock Companies" | the stock market.

In the article the analysis of problems connected with the realization of the securities market transition to the non-documentary form of the inscribed stocks is carried out. Forms and methods for the basic regulations realization of the Law "About the Joint-Stock companies" are suggested for the joint-stock companies carrying out their re-registration into public and private joint-stock companies. The proposals about changes and additions to the existing legal rules that allow to avoid negative consequences of the securities market transition are formulated. It is advisable to give the registrars the opportunity to get a holder licence with the deferment in order to bring to conformity with the licence requirements in the part of stocks and the requirements to the premises during the year. It is also expedient to allow registrar specialists having proper qualification certificates to get training and specialist-dealer and stockholders certificates that can be taken into account in the licence conditions fulfilment before the participants pass the registrars licences; to revise the requirements of Law about the national depository system and licence conditions in the part of prohibition to the holder to carry the operations with the stocks of the issuer whose register is kept by the participant as a registrar.

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