Ukraine has recently presented a new model of its stock market in the EU, deputy head of the Supervisory Board of the National Depository of Ukraine Andriy Boltyan said during the discussion "Ukraine and its investors: who will control the ownership of the securities?", ForUm correspondent reports.
According to the financier, the EU partners stated that Ukraine in this case used the European principles of the depository system.
"Ukraine is the first non-European country, which applies the requirements of EC Regulation of March 7, 2012 on national depositories in its stock market. We have already applied them," Boltyan said.
"Thus, the exchanges cannot create their own clearing agencies and receive a banking license for them – according to European standards, it is a big step back," he concluded.
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