MPs introduce bill to strengthen independence of National Securities and Stock Market Commission.

The lawmakers registered bill No. 5865 “On amendments to the Law of Ukraine ‘On State Regulation of Capital Markets and Organized Commodity Markets’ and some other legislative acts of Ukraine on regulation and supervision of capital markets and organized commodity markets" in the Verkhovna Rada.

"Together with colleagues, we registered the bill No.5865 aimed at combating pyramid schemes in Ukraine and combating attempts to organize them," Danylo Hetmantsev, co-author of the bill, chairman of the Verkhovna Rada Committee on Finance, Taxation and Customs Policy, MP from the Servant of the People faction, posted on Telegram, Ukrinform reports.

He noted that the draft law provided for strengthening the independence and institutional capacity of the National Securities and Stock Market Commission as a national regulator of capital markets and organized commodity markets.

In addition, according to Hetmantsev, the adoption of the bill will introduce effective mechanisms to prevent manipulation, insider trading, illegal use of insider information, and other abuses in capital markets.

The draft law was initiated by eight MPs from the Servant of the People and the Holos factions.

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