NEWSLETTER

JANUARY 2013

BANKING & FINANCE

Financial Service Commission Adopts Rules for Acquisition of Financial Institutions

On 4 December 2012 the National Commission for Regulation of Financial Services Markets adopted Regulation No. 2531 containing a procedure for granting a permit for acquisition of significant interest in financial institutions. >>>


Certain Currency Exchange Licenses are to Be Granted without Conclusions of the Law-Enforcement Authorities

On 18 January 2013 Regulation of the National Bank of Ukraine No. 500 dated 3 December 2012 became effective. The Regulation amends four NBU's regulations on granting currency exchange licenses. >>>

INTELLECTUAL PROPERTY

Compulsory Licensing of Pharmaceuticals in Ukraine

Ukraine is harmonizing its national legislation with EU requirements on compulsory licensing of patents for pharmaceuticals by allowing Ukrainian companies to produce such patented products. >>>


Ukrainian Version of International Patent Classification

Subject to notification from the World Intellectual Property Organization on effectiveness of new version of the International Patent Classification, the Ukrainian version of the IPC 2013.01 came into effect on 1 January 2013. >>>

TELECOMMUNICATIONS AND IT

Rules for On-Line Agreements

The Ministry of Economic Development and Trade of Ukraine issued the Letter No. 3502-05/43517-14 on regulation of on-line shops. >>>

SECURITIES

Introduction of Procedure for Admission of Foreign Securities to Ukraine

The National Securities and Stock Market Commission's Resolution "On Approval of Regulation on Admission of Securities of Foreign Issuers for Trading in Ukraine" became effective on 22 January 2013. >>>


New Disclosure Rules for Securities Issuers

On 22 January 2013 certain changes to the Regulation on Disclosure of Information by Securities Issuers became effective. >>>


Changes to Stock Market Major Laws

On 1 January 2013 the Law of Ukraine "On Introduction of Amendments to Certain Legislative Acts of Ukraine Regarding Improvement of Securities Laws" became effective. >>>

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