Capital Market. All local transactions (including buying, selling, holding, and safekeeping) shall be carried out according to the laws and rules regulating the securities dealings under the supervision of the CMA in the name and to the account of the Customer. Also, the buying, selling, and holding transactions shall be conducted with other financial markets and bourses by authorized financial brokers.
Capital Market. The Borrower has:
(a) taken adequate measures to enforce the requirement that enterprises transfer their share registries to independent registrars;
(b) ensured that banks have separate departments or subsidiaries for managing their capital market activities;
(c) taken adequate measures to enforce the requirement that all brokers and registrars be member of SRO;
(d) Vested in established SRO authority to issue rules of conduct and to arbitrate disputes between its members and required all securities dealers and registrars to become members of SRO;
(e) applied a system, meeting standards of European Union regulations, for disclosure of information on new share offerings; and
(f) operated with respect to regulated trading, with the participation of the National Bank of Ukraine, systems for depository, clearance and settlement and settlement payment.
