NEWSLETTER

FEBRUARY 2013

BANKING & FINANCE

New Rules for Conducting Inspections by the Financial Service Commission

On 27 November 2012 the National Commission for Regulation of Financial Services Markets adopted Regulation No. 2422 containing procedure for conducting inspections by the Financial Service Commission. The New Inspection Rules are effective from 26 February 2013 >>>

DISPUTE RESOLUTION

Developments in Court Practice

There have been several important developments in the practice of the higher courts of Ukraine released recently >>>

ENERGY

NERC Approves Rules on Registration of Administrative Offences and Administrative Sanctions

On 17 January 2013 the National Energy Regulatory Commission adopted Resolution No. 21 approving the Rules on Registration of Administrative Offences and Imposition of Administrative Sanctions >>>

PERSONAL DATA PROTECTION

Changes Coming to Personal Data Protection Institutions

On 12 February 2013 a draft law "On Amendments to the Laws on Improvement of the Institutional System for Personal Data Protection" was submitted to the Ukrainian Parliament by the Cabinet of Ministers >>>


Court Imposes One of the First Fines for Violation of Personal Data Protection Rules

On 7 February 2013 the Podilsky District Court of Kyiv fined the Director of Publishing Readers Digest LLC for a violation of the laws on personal data protection by the Company >>>

PHARMACEUTICALS

Import Licensing for Pharmaceuticals and GMP

Under the Law of Ukraine "On Amendments to the Laws on Licensing of Import of Pharmaceuticals and Definition of an "Active Pharmaceutical Ingredient" import of pharmaceuticals will require a license starting from 1 March 2013 >>>

SECURITIES

Introduction of Procedure for Foreclosure Sale of Securities on Stock Exchanges

On 8 February 2013 the resolution of the National Securities and Stock Market Commission (the "Commission") "On Approval of Procedure for Foreclosure Sale of Securities on Stock Exchanges" (the "Procedure") became effective >>>


New Rules for Associations of Stock Market Professional Players

On 12 February 2013 a new resolution of the National Securities and Stock Market Commission regulating associations of professional stock market participants became effective >>>

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