"The changes on functioning of the stock market provided by the new law have most significantly affected the implementation of the clearing services provided by a number of private entities that even do not have the legal right to operate customers’ accounts. In contrast, the draft law provides for the possibility of creating a Payments Centre by the NBU, which will support such services.
In general, this model corresponds to the European and the Russian practices. These changes, apart from the compliance with international experience, are relevant because the current model of the stock market in Ukraine has not turned it into a powerful force of accumulation of financial resources," the expert said.
In her opinion, in this case the civilized "return" of the Ukrainian stock market is possible due to the mechanisms provided by this law.
"Accordingly, the law really needs to be signed by the President of Ukraine," Lavrenenko stressed.
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