Features of the legal status of the National Depository of Ukraine and the Settlement Center on servicing contracts in financial markets
Keywords:
National Depository of Ukraine, the Settlement Center on servicing contracts in financial markets, depository activity, clearing, a natural monopoly
Abstract
The article is dedicated to the study of features of the National Depository of Ukraine and the Settlement Center on servicing contracts in financial markets, which describe their legal status.
The depository system model in Ukraine provides two central institutions and accordingly two different systems of the securities’ accounting. National Bank of Ukraine’s Depository performs the functions of safekeeping and settlement of the government/municipal bonds.
The National Depository of Ukraine performs the functions of the central depository for corporate securities; keeps records of all eligible securities except for securities, records of which are kept by the National Bank of Ukraine.
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Klaus J. Hopt. Capital Markets in the Age of the Euro: Cross-Border Transactions, Listed Companies and Regulation / Klaus J. Hopt, Guido Ferrarini. — The Hague ; New York : Kluwer Law International, 2002. — 640 p.
Marcia De Wachter. (I)CSDs’ future challenges in a changing landscape / National Bank of Belgium. — Brussels. — 2015. — 19 May. — 15 p.
Rosalind Bufton, Eduardo Martínez Rivero Clearstream: General Court confirms Commission Decision // Competition Policy Newsletter. — 2010. — № 1. — R. 28–31.
Bazylevych V. D. Pryrodni monopolii : monohr. / V. D. Bazylevych, H. M. Fyliuk. — K., 2006. — 367 s.
Anokhina I. O. Pravove rehuliuvannia diialnosti sub’iektiv pryrodnykh monopolii : avtoref. dys. na zdobuttia nauk. stupenia kand. yuryd. nauk : 12.00.04 / I. O. Anokhina. — Donetsk, 2005. — 18 s.
Kryvutskyi V. V. Derzhavne rehuliuvannia diialnosti pryrodnykh monopolii : avtoref. dys. na zdobuttia nauk. Stupenia kand. ekon. nauk : 08.02.03 / V. V. Kryvutskyi. — Lviv, 2005. — 24 s.
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Principles for financial market infrastructures / Committee on Payment and Settlement Systems, Technical Committee of the International Organization of Securities Commissions. — 2012. — April. — 188 r.
Published
2018-12-20
How to Cite
Melnyk, V. V. (2018). Features of the legal status of the National Depository of Ukraine and the Settlement Center on servicing contracts in financial markets. Administrative Law and Process, (1(19), 93-102. Retrieved from https://applaw.net/index.php/journal/article/view/75
Section
Special administrative law
